Transport Topics Online
The Newspaper of Trucking and Freight Transportation
Welcome  Guest  Log In         
8/14/2012 9:30:00 AM Write a Letter to the Editor Write a letter to the Editor

Producer Price Index Rises 0.3%

Prices paid to U.S. producers rose in July, reflecting an increase in automobile, cigarette and pharmaceutical costs, the Labor Department said Tuesday.

The producer price index rose 0.3%, following a 0.1% increase in June.

Economists had forecast a 0.2% increase of the overall PPI rate, Bloomberg reported.

The so-called core PPI excluding food and energy rose 0.4%, Labor said.

The core rate was projected to rise 0.2%, Bloomberg reported.

An increase in the PPI could indicate strong demand for goods, which would mean more shipments for trucking companies. However, if inflation begins to accelerate too quickly, it could also hurt the economy

By Transport Topics

Follow Transport Topics on Subscribe to get up to the minute news briefs and more from our feeds. RSS Twitter Twitter Facebook Facebook

© 2012, Transport Topics Publishing Group. All rights reserved.



Follow Us


This free daily newsletter delivers the latest headlines.

TT Executive Suite
This subscriber-only newsletter program tailors your news.



© American Trucking Associations, Inc., All Rights Reserved Privacy Statement