WASHINGTON - The June producer price data were benign although the overall print was higher than expected on a 1.9% jump in seasonally adjusted gasoline prices.

June PPI printed up 0.1% against an expectation for a dip, and core printed 0.2% higher (0.2197% unrounded). These represented a 0.7% rise overall and a 2.6% increase in core year-over-year.

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