Core Producer Prices Rise At Fastest Pace In 3 Years, Above Fed Mandate
Tuesday, June 13, 2017 10:46 AM EDT
May PPI (ex food and energy) rose 2.1% year-over-year, the highest since May 2014, as goods prices tumbled (gasoline, motor vehicles, fresh fruit) while services costs (retailer and wholesaler prices, and residential lending) jumped.