Here is your short Recap of the June, 2022 PPI Report.
- June 1.1% Increase
- Core PPI 6.3% (Up 0.3%)
- Jobless Claims up 244,000 (Highest Since November)
- What is the highest inflation for PPI in 2022? So far it was in March at 11.5%
Remember PPI is the report of inflation at the PRODUCTION level, therefore its a good tool to use to foreshadow upcoming CPI.
Short and sweet!
I hope you enjoy these short recaps.
If you ever have any questions or ever need anything please message me on discord!
Thank you,
Ricky Gutierrez