TeleTrade - Analytics

    TeleTrade

    807.50 6.50/10
    85% of positive reviews
    Real

    12.06.2015 13:07 U.S. producer price index is up 0.5% in May, the largest increase since September 2012

     

    The U.S. Commerce Department released the producer price index figures on Friday. The U.S. producer price index increased 0.5% in May, exceeding expectations for a 0.4% gain, after a 0.4% drop in April. It was the largest increase since September 2012.

     

     

    On a yearly basis, the producer price index decreased 1.1% in April, in line with expectations, after a 1.3% fall in April.

     

     

    The rise was driven by higher food and gasoline prices. Gasoline prices jumped 17.0% in May, the largest rise since August 2009. Food prices climbed by 0.8%, driven by a shortage of eggs, and as wholesale egg prices jumped a 56.4% in May.

     

     

    The producer price index excluding food and energy climbed 0.1% in May, in line with expectations, after a 0.2% decrease in April.

    On a yearly basis, the producer price index excluding food and energy climbed 0.6% in May, missing forecasts of a 0.7% increase, after a 0.8% rise in April.

     

     

    The figures added to speculation on that the Fed will start raising its interest rate this year.


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree