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U.S. ECONOMICS: U.S. PPI Preview

May's overall PPI is expected to rise 0.1% (consensus range -01.% to 0.2%) with a 0.1% core index increase (consensus range -0.2.% to 0.2%).

The 0.6% April PPI rise with a 0.5% core print increase blew past assumptions thanks to widespread gains that left 0.6% increases for both the goods and services components, with a particularly large 1.4% rise for trade services that doubled-down on the 1.4% March increase. The trade price report revealed modest May increases across most components that beat assumptions, and with a surprising lift from food export and oil import prices that supported the headline figures.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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