Tuesday, July 14, 2009

US retail sales and inflation in June

In June, US retail sales rose in June by 0.6% (May: 0.5%), driven by petrol, cars and auto parts.

But when these 3 are excluded, sales dropped 0.2%, for the 4th month in a row.

The June Producer Price Index (PPI) rose by 1.8%.
Again, when one excludes food and energy, the figure for core wholesale prices was lower than the 1.8%, 0.5%.

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Nick

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