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Business Report: Another inflation indicator

Producer price index shows surge in the cost of producing goods

07/14/2022

NJ Spotlight News

Business Report: Another inflation indicator

Clip: 7/14/2022 | 2m 49sVideo has Closed Captions

Producer price index shows surge in the cost of producing goods

There’s no letup to the negative inflation news, with yet another government report out showing inflation at near record levels. The producer price index looks at the cost of producing goods and it shows how businesses are getting squeezed. In June, inflation at the wholesale level surged 11.3% compared to a year ago, mainly due to rising energy costs.

07/14/2022

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