The Producer Price Index (PPI) for June increased more
than expected, as the effect of the drop in oil prices abated. As shown in
Table I, producer price growth for health goods and services was in line with
tame growth in overall PPI.
The exceptions were pharmaceutical preparations, which increased
2.5 percent on the month and are up 10.3 percent on the year; and biologic
products (including diagnostics), which increased 3.1 percent month on month
and 3.2 percent year on year.
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