In June, the PPI growth rate in the USA was slightly higher than expected, due to the increase in service provider profit margins, which far outweighed the decline in commodity costs. Data released by the US Labor Department Statistics Bureau last Friday showed that the Producer Price Index (PPI) rose 0.2% from the previous month and 2.6% year-on-year. Last night, the more closely watched CPI saw its first decline since the outbreak of the new crown epidemic, pushing the Federal Reserve to begin its earliest interest rate cut in September.
美国6月PPI略高于预期
USA's PPI in June was slightly higher than expected.
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