CNBC
Wholesale inflation measure was unchanged in June
The producer price index for June was expected to increase 0.2%, according to the Dow Jones consensus estimate.
If economists keep getting it wrong,
maybe it is time to change the textbook.
According to the original report from BLS
Leading the June increase in prices for processed goods for intermediate demand, the index for natural gas to electric utilities jumped 12.1 percent.
Prices for industrial electric power, gasoline, fertilizer materials, and meats also rose. . . .
Nearly two-thirds of the June advance can be traced to prices for unprocessed energy materials, which moved up 1.4 percent. . . .
https://www.bls.gov/news.release/ppi.nr0.htm
Looks like up prices matched down prices . . . but two-thirds of upprices were energy-related so umm if we back-outenrergy prices was June deflationary?
