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Archived News Release--Caution: information may be out of date.

U.S. DEPARTMENT OF LABOR

Office of Public Affairs

OPA Press Release: Statement of U.S. Labor Secretary Alexis M. Herman Regarding the July 1999 Producer Price Index [08/13/1999]

For more information call: (202) 693-4650

The Producer Price Index rose 0.2 percent during the month of July, and has risen 1.5 percent over the previous 12 months. Excluding the volatile food and energy sectors, the "core" PPI was unchanged last month, after falling in June, and has risen just 1.3 percent over the year.

This PPI report suggests that inflation remains stable. The superb U.S. economy continues to generate a combination of low unemployment, low inflation and high productivity growth.

Archived News Release--Caution: information may be out of date.