{"id":2293365,"date":"2024-07-12T10:07:00","date_gmt":"2024-07-12T14:07:00","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/inflation-unexpectedly-rose-to-2-7-in-june-in-producer-price-index-washington-examiner\/"},"modified":"2024-07-12T10:09:27","modified_gmt":"2024-07-12T14:09:27","slug":"inflation-unexpectedly-rose-to-2-7-in-june-in-producer-price-index-washington-examiner","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/inflation-unexpectedly-rose-to-2-7-in-june-in-producer-price-index-washington-examiner\/","title":{"rendered":"Inflation unexpectedly rose to 2.7% in June in producer price index – Washington Examiner"},"content":{"rendered":"

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Inflation unexpectedly\u2062 rose to 2.7% in June, according to the\u200d producer price \u2063index report. Economists had forecast a slight increase from\u200d May’s 2.2%. The\u200c Federal\u200d Reserve and President Joe \u2062Biden may be concerned by this news. \u2064While the\u200c consumer price index showed inflation easing\u200c to 3%, the\u200d producer\u2064 price index<\/a>, which measures prices \u2062received by businesses \u200cand suppliers,\u2064 increased by more\u200d than expected. The Fed aims\u200b for 2% inflation, so further progress\u200b is needed. Inflation has become a key issue in the upcoming election, affecting voter perceptions of the economy and Biden’s\u2064 approval ratings.\u200d Voter disapproval of Biden’s economic management has been a\u2062 focus for Republicans and former \u2064President Donald Trump. <\/p>\n

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