(The Center Square) – The price of producer goods and services spiked by 10.8% over the past year driven in part by higher gas prices, according to new federal data.
The U.S. Bureau of Labor Statistics Tuesday released producer price index data which showed the PPI increased by 0.8% in May, up from a 0.4% increase in April, and preceded by 1.6% in March.
CHECK OUT TRISH REGAN’S PODCAST HERE. The PPI report shows that almost half of the increase in prices for final demand goods in May results from an 8.4% increase in the index for gasoline, with the […]
Read the rest of this story here: trishintel.com
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