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UK CPI down to 2.6% in June

The Consumer Prices Index including owner occupiers’ housing costs (CPIH, not a National Statistic) 12-month inflation rate was 2.6% in June 2017, down from 2.7% in May 2017. This is the first fall in the CPIH inflation rate since April 2016, although it remains higher than in recent years. Falling prices for motor fuels and certain recreational and cultural goods and services were the main contributors to the fall in the rate. These downward contributions were partially offset by rising prices for furniture and furnishings. The Consumer Prices Index (CPI) 12-month rate was 2.6% in June 2017, down from 2.9% in May 2017.

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US PPI rose by 0.1%

The Producer Price Index for final demand increased 0.1 percent in June, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices were unchanged in May and rose 0.5 percent in April. On an unadjusted basis, the final demand index advanced 2.0 percent for the 12 months ended in June. In June, almost 80 percent of the rise in the final demand index is attributable to prices for final demand services, which increased 0.2 percent. The index for final demand goods edged up 0.1 percent.

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China's CPI unchanged in June

Broad measures of Chinese inflation were unchanged last month, as both consumer and factory-gate prices expanded at a slower but steady pace. The National Bureau of Statistics reported that the June consumer price index (CPI) advanced 1.5%, following an identical increase the previous month. Compared to May, consumer prices were down 0.1%, official data showed.

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US PPI unchanged in May

The Producer Price Index for final demand was unchanged in May, seasonally adjusted, the U.S.  Bureau of Labor Statistics reported today. Final demand prices rose 0.5 percent in April and edged down 0.1 percent in March. On an unadjusted basis, the final demand index increased 2.4 percent for the 12 months ended in May.

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