The Producer Price Index (PPI) measures inflation before it’s passed down to the consumer. This morning’s number shows that it remained unchanged in June. The markets were preparing for a slightly higher reading.
Year-over-year, it’s up 2.3 percent, also lower than previously expected. This comes after yesterday’s Consumer Price Index (CPI), which was on target, indicating that inflation may finally be showing signs of cooling.
Related Stories
Farm Bureau economist John Newton says farm income has declined every quarter for three years.
A new survey of agricultural lenders points to increasing financial stress across the Ninth District.
OOIDA’s Lewie Pugh discusses a new bipartisan surface transportation bill, industry efforts to address regulatory concerns, investments in truck parking and freight infrastructure, and the outlook for transportation policy.
Corn ethanol demand and stronger oilseed processing continue supporting domestic markets for crop producers.
