12 Jun 2015
US PPI rises 0.5% in May
FXStreet (Mumbai) - Producer prices/wholesale prices in the US rose in May as the energy prices rose at a fastest rate in nearly five years.
The producer price index (PPI) rose 0.5% month-on-month in May, beating the estimate of a 0.4% rise. Producer prices had declined 0.4% in April. Year-on-year prices contracted 1.1% as expected in May, compared to a 0.8% decline seen in April.
Core producer prices rose 0.6% year-on-year, missing the estimate of 0.7%. Meanwhile, month-on-month core prices rose 0.1%.
The headline figure has risen at a fastest rate since 2012, however, core number indicate the softness in price pressures.
The producer price index (PPI) rose 0.5% month-on-month in May, beating the estimate of a 0.4% rise. Producer prices had declined 0.4% in April. Year-on-year prices contracted 1.1% as expected in May, compared to a 0.8% decline seen in April.
Core producer prices rose 0.6% year-on-year, missing the estimate of 0.7%. Meanwhile, month-on-month core prices rose 0.1%.
The headline figure has risen at a fastest rate since 2012, however, core number indicate the softness in price pressures.