US factory gate prices sped past forecasts in June
US factory gate prices increased by 0.4% month-on-month in June.
The consensus forecast had been for an increase of 0.2% over the month and 0.9% year-on-year.
At the ‘core’ level producer prices were 0.3% higher on the month.
Analysts had been expecting a rise of 0.1% on the month and 0.6% over the year.