Muted producer inflation affirms the devastating effect of coronavirus
Comparative figures give a good indication of just how things have slowed during the Covid-19 pandemic
30 July 2020 - 18:00
Producer price inflation remained subdued in June as the country continues to feel the effects of the coronavirus and the associated lockdown on economic activity.
The producer price index (PPI), which measures inflation at the factory gate, rose 0.5% year on year in June, from 0.4% in May and 1.2% in April. A look at last year’s figures gives a good indication of just how things have slowed during the Covid-19 pandemic, with annual PPI for April, May and June 2019 coming in at 6.2%, 6.5% and 6.4%, respectively...
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