Producer Prices Rose 0.2 Percent in June, Slightly Higher Than Expected

Small businesses say they are still paying higher supplier prices.
Producer Prices Rose 0.2 Percent in June, Slightly Higher Than Expected
Cars move on the assembly line at the BMW Spartanburg plant in Greer, S.C., on Oct. 19, 2022. AP Photo/Sean Rayford
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Producer prices—the cost of goods and services paid by businesses—came in hotter than expected, suggesting that businesses are persistently experiencing higher costs that could eventually be passed onto consumers.

In June, the Producer Price Index (PPI) rose 0.2 percent, topping the consensus estimate of 0.1 percent. This was up from the flat reading in May, which had been revised higher from negative 0.2 percent, according to the Bureau of Labor Statistics.
Andrew Moran
Andrew Moran
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Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."