Business Outlook: THE WEEK AHEAD
PRODUCER PRICE INDEX
Friday, June 10, 8:30 a.m.
Producer prices for finished goods in May probably rose a scant 0.2%, according to the MMS survey. That slim rise would follow April's 0.1% decline, and it would be another signal that inflationary pressure further back in the distribution process remains absent. Excluding prices of energy and food, whose volatility tends to distort the trend, the core PPI probably rose a faster 0.3%. The slight pickup in the pace of overall prices in May partly reflects the recent uptick in crude oil prices. Crude prices rose by about $3 per barrel from the end of March to the end of May.