TNBiz (TNBiz)
Macroeconomics  |  July 13, 2012 16:15:16

USA: Production prices in June rose unexpectedly month


WASHINGTON (MEDIAFAX) - Output prices in the United States in June despite a big drop in energy prices unexpectedly rose month on month by 0.1 percent for the first time since February. Informed on Friday by Reuters.

Analysts who spoke to Reuters, while expecting a decrease of 0.5 percent in May after a decrease of one percent level. It May decline was the deepest decline since July 2009.

Growth was according to the U.S. Department of Labor driven by growth in consumer goods such as home appliances and light trucks.

In comparison to the industrial producer prices in June rose by 0.7 percent, while analysts predicted growth of "only" 0.2 percent growth rate of 0.7 percent.

The so-called. core index, which does not allow for fluctuating fuel prices and food, rose in June by 0.2 percent, in line with estimates.

Output price index tracks the price level at a time before the product reaches the final consumer. Index often indicates the direction issued later consumer prices.

Tomáš Králíček, kralicek@mediafax.cz

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