The Producer Price Index report on wholesale price inflation containing data for May will be released on June 14 at 8.30 a.m. EST. After peaking last summer, wholesale prices have seen disinflation, with annual data for April showing a 2.3% annual rise in PPI pricing, or 3.4% with foods, energy and trade services stripped out to create a less volatile wholesale inflation measure.
Services
However, beyond the aggregate headline figures for PPI, the Federal Reserve will be watching services inflation. Goods inflation has been relatively subdued after seeing explosive growth in 2022, but the Fed is concerned that services inflation may be remain sticky, preventing inflation returning to the Fed’s 2% goal.
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