gas sign In more dismal inflation news, the Producer Price Index (PPI) rose 11.3% from June 2021 to June 2022, a Thursday report from the U.S. Bureau of Labor Statistics showed.
The index’s rise was predominantly driven by energy costs surging year-over-year by 10%. Gas prices reached $5.00 per gallon in early June before falling to a national average price of $4.61 as of Thursday, according to AAA .
The release comes one day after another Bureau of Labor Statistics report showed the Consumer Price Index (CPI) increasing 9.1% between June 2021 and June 2022 — marking a four-decade high. Over […]
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