Increase in IDEX Polished Price Index Accelerates in June
July 05, 21
(IDEX Online) - The IDEX Polished Price Index was up 2.20 per cent in June, as the rate of recovery speeds up and exceptional consumer spending shows no sign of slowing down. This inevitably fuels fears of a bubble that might, at some point, burst. But there's more to this than just pent-up demand. Consumers have been spending more for a year now since the first lockdowns were eased, and a buoyant stock market, has also helped.
In May the Index rose by 1.37 per cent and in April it was up 0.73 per cent. The Index jumped almost 1.5 points in a single day (on 4 June), and climbed steadily day on day. It opened the month of May at 125.83 and closed at 128.60
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