http://www.bloomberg.com/news/articles/2015-07-15/wholesale-prices-in-u-s-increased-in-june-as-fuel-climbed
Wholesale prices in the U.S. climbed more than forecast in June as the cost of fuel picked up.
The 0.4 percent increase in the producer-price index followed a 0.5 percent gain in May, Labor Department figures showed Wednesday in Washington. The median forecast of 70 economists surveyed by Bloomberg called for a 0.2 percent advance. Costs fell 0.7 percent over the past 12 months.
A broad pickup in prices would help strengthen the case for Federal Reserve policy makers to start raising interest rates this year, as Chair Janet Yellen has indicated could be appropriate. The plunge in oil costs last year may wring itself out of the data in the coming months, helping to boost the inflation figures further.
“The profile of inflation heading into the second half of the year will actually look quite a bit more favorable,” Gennadiy Goldberg, a U.S. strategist at TD Securities USA LLC in New York, said before the report. That should work in the Fed’s favor, because “it’s much easier to communicate the need for a rate hike when inflation is starting to climb.”
MORE MAGICAL THINKING AT LINK
= new reply since forum marked as read