Deflation Pushes PPI To 28-Month Lows; Google's Dominance in Ad Tech Under European Scrutiny; Disney Delays Avatar, Marvel & Star Wars Release: Today's Top Stories
Benzinga Deflation Pushes Producer Prices To 28-Month Lows Ahead Of Fed's Interest Rate Decision U.S. producers now face the reality of deflation, as the Producer Price Index (PPI) for final demand slumped 0.3% month-on-month in May, down from the previous 0.2% monthly increase and below the expected 0.1% fall, the U.S. Bureau of Labor Statistics reported Wednesday. The PPI print follows the May consumer price index (CPI) reading, which came in lower than expected, supporting the market belief t
Source: yahoo.com
