Lower US Producer Price Inflation Dependent on Oil Prices

US Producer price inflation continues elevated, a long way from the Central Bank transitory mantra. Annual PPI rose to 9.7% in December. This was the largest increase since data were first calculated in December 2009. The 0.2% month-over-month rise was less than a consensus 0.4% due to the sharp drop in oil prices which has since reversed in January as has natural gas. December 2021 PPI The Producer Price Index in December for final demand was up 9.6% on an … Continue reading “Lower US Producer Price Inflation Dependent on Oil Prices”

US December CPI +7.0% y/y largest Increase in Consumer Inflation since June 1982

US CPI in December rose 0.5% m/m in December (consensus +0.4%). Core CPI rose 0.6% (consensus +0.5%). On a year-over-year basis, total CPI is up 7.0% (versus 6.8% in November) and core CPI is up 5.5% (versus 4.9% November). Inflation remains persistently high as Central Bankers keep trying to reassure us that soaring inflation will come under control. US December Highlights US December CPI +7.0% vs +7.0% expected Highest since 1982 Prior was 6.2% m/m CPI +0.5% vs +0.4% expected Prior … Continue reading “US December CPI +7.0% y/y largest Increase in Consumer Inflation since June 1982”

US Producer Price Inflation Continue Rising At Record Pace in November

US Producer price inflation continues elevated, a long way from the Central Bank transitory mantra. Annual PPI rose to 9.6% in November. Over 60 percent of the October increase can be traced to a 1.2 percent rise in prices for final demand goods. This was the largest increase since data were first calculated in December 2009. On a year-over-year basis, the Producer Price Index for final demand was up 9.6% on an unadjusted basis, versus 8.6% in October. That has lifted … Continue reading “US Producer Price Inflation Continue Rising At Record Pace in November”

Largest Increase in US Consumer Inflation since June 1982 in November CPI +6.8% y/y

US CPI in November shows inflation remains persistently high as Central Bankers keep trying to reassure us that soaring inflation will come under control. Annual CPI was up +6.8% as expected with core CPI +4.9% as expected The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.8 percent in November on a seasonally adjusted basis after rising 0.9 percent in October, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased … Continue reading “Largest Increase in US Consumer Inflation since June 1982 in November CPI +6.8% y/y”

Elevated US Producer Price Inflation Continues Including a 4.8% Jump in Final Demand Energy Prices

US Producer price inflation continues elevated. Annual PPI remained at a record 8.6%, unchanged from September. Over 60% of the increase in the index for final demand was due to a 1.2% increase in prices for final demand goods, which included a 4.8% jump in prices for final demand energy.

Inflation Showing No Signs of Being Transitory Yet With US CPI Persistent Into September

Central Bankers keep trying to reassure us that soaring inflation is transitory. September US CPI shows us it remains persistently high. Annual CPI was up 5.4% up from 5.3% in August with core CPI steady at a dizzy 4.0%.

US Producer Price Inflation Largest Increase in Service Costs Since 2009

US Producer price inflation continues elevated, all be it off low Covid lockdown bases. Annual PPI rose to 7.8% in July. Biggest price increases were nearly 3/4 due to a 1.1% in services costs, the largest increase since data were first calculated in December 2009.