U.S. producer inflation rose unexpectantly higher than forecast in August 0.7% month-over-month (consensus +0.2%) following a 0.3% increase in July. Prices being driven by higher fuel costs that risk tempering household spending and keeping inflation elevated. The cost of gasoline surged 20%, accounting for much of the gain. The core measure increased 0.2% month-over-month, as expected. On a year-over-year basis PPI was up 1.6% and excluding food and energy, was up 2.2%. On an annual basis, the PPI accelerated for … Continue reading “US Producer Prices Higher in August, Cost of Gasoline Surged 20%”
US Producer Price Disinflationary Trend Continues in June, Reprieve for Profit Margins
U.S. producer inflation continued to moderate in June on a year-over-year basis, total PPI was up just 0.1% year-over-year, versus 1.1% in May & 2.3% in April. Rising the least since the 2020 fall. Excluding food and energy, PPI was up 2.4% down from 2.8% year-over-year in May and 3.2% in April. Producer Price Index for final demand increased 0.1% month-over-month in June (consensus 0.2%) following a downwardly revised 0.4% decline (from -0.3%) in May. The core index for final … Continue reading “US Producer Price Disinflationary Trend Continues in June, Reprieve for Profit Margins”
US Producer Price Inflation Moderates Further in May, +1.1% versus +2.3% in April
U.S. producer inflation continued to moderate in May on a year-over-year basis, total PPI was up 1.1% year-over-year, versus 2.3% in April. Rising the least since December 2020. Excluding food and energy, PPI was up 2.8% year-over-year, versus 3.2% in April. Producer Price Index for final demand declined 0.3% month-over-month in May (consensus -0.1%) while the index for final demand, less foods and energy (core PPI) increased 0.2% month-over-month, as expected. Wholesale inflation is moving lower, which should be pleasing … Continue reading “US Producer Price Inflation Moderates Further in May, +1.1% versus +2.3% in April”
US Producer Price Inflation Moderates Again in April, +2.3% versus +2.7% in March
U.S. producer inflation continued to moderate in April with April PPI on a year-over-year basis, total PPI was up 2.3% versus up 2.7% in March. Excluding food and energy, PPI was up 3.2% versus 3.4% in March. PPI rose 0.2% month-over-month in April (consensus +0.3%) following an upwardly revised -0.4% decline (from -0.5%) in March. The index for final demand (Core PPI), excluding food and energy, increased 0.2% month-over-month in April (consensus +0.3%) following an upwardly revised unchanged reading (from … Continue reading “US Producer Price Inflation Moderates Again in April, +2.3% versus +2.7% in March”
US Producer Price Inflation Fell Again in March, -0.5% m/m vs 0.0% Expected
US Producer price inflation for March (PPI) declined 0.5% month-over-month in March (consensus +0.1%) following an upwardly revised 0.0% reading (from -0.1%) in February. Excluding food and energy (core), the PPI index for final demand declined 0.1% month-over-month (consensus +0.2%) following an upwardly revised 0.2% increase (from 0.0%) in February. On a year-over-year basis, the PPI index for final demand was up 2.7% versus 4.9% in February, Core PPI was up 3.4% versus 4.8% in February year over year. The … Continue reading “US Producer Price Inflation Fell Again in March, -0.5% m/m vs 0.0% Expected”
US Producer Price Inflation Fell in February as Economy Faces Headwinds
US Producer price inflation for February (PPI) declined 0.1% month-over-month (consensus +0.3%) following a downwardly revised 0.3% increase (from 0.7%) in January. On a year-over-year basis, the index for final demand was up 4.6%. Core, excluding food and energy, the index for final demand was flat month-over-month (consensus +0.4%) following a downwardly revised 0.1% increase (from 0.5%) in January. On a year-over-year basis, this index was up 4.4%. The release was in line with a moderating Consumer Price Index we … Continue reading “US Producer Price Inflation Fell in February as Economy Faces Headwinds”
US Producer Price Inflation Hotter Than Expected in January, Prior Month Revised Higher
US Producer price inflation for January (PPI) was up 0.7% month-over-month (consensus 0.4%) following an upwardly revised 0.2% decline (from -0.5%) in December. Core-PPI, which excludes food and energy, was up 0.5% month-over-month (consensus 0.3%) following an upwardly revised 0.3% increase (from 0.1%) in December. On a year-over-year basis, PPI was up 6.0%, versus 6.2% in December, and core-PPI was up 5.4%, versus 5.8% in December. The release was in line with a moderating Consumer Price Index we saw last … Continue reading “US Producer Price Inflation Hotter Than Expected in January, Prior Month Revised Higher”
US Producer Price Inflation Fell More Than Expected in December
US Producer price inflation for December fell -0.5% vs. -0.1% consensus and +0.2% in November (revised from +0.3%). On a year-over-year basis, the index for final demand was +6.2% Y/Y vs. +6.8% expected and +7.3% prior (revised from +7.4%). The release was in line with a softer Consumer Price Index we saw last week. Core PPI rose +0.1% vs. +0.1% expected and +0.2% prior (revised from +0.4%). Core PPI was +5.5% Y/Y vs. +5.7% expected and +6.2% prior (unchanged). In … Continue reading “US Producer Price Inflation Fell More Than Expected in December”
Hotter November Core Producer Price Inflation has Market Nervous About CPI
US Producer price inflation for November revived concerns about next week’s Consumer Price Index not being as friendly as had been expected. In turn that brings back to the fore the Fed’s monetary policy path. The PPI rose 0.3% month-over-month in November (consensus +0.2%) following an upwardly revised 0.3% increase (from 0.2%) in October. Core PPI rose 0.4% month-over-month (consensus +0.2%) following an upwardly revised 0.1% increase (from 0.0%) in October. On a year-over-year basis, the index for final demand was … Continue reading “Hotter November Core Producer Price Inflation has Market Nervous About CPI”
US Producer Price Inflation Mellowed in October with First Decline in Services Cost Since November 2020
US Producer price inflation for October mellowed in unison with the CPI release from last week. The PPI rose 0.2% month-over-month in October of 2022, the same as a downwardly revised 0.2% increase in September and below market forecasts of 0.4%. Goods cost went up 0.6%, the largest advance since a 2.2% rise in June, mainly pushed by a 5.7% jump in gasoline cost. Services cost fell 0.1%, the first decline since November of 2020. Prices for fuels and lubricants … Continue reading “US Producer Price Inflation Mellowed in October with First Decline in Services Cost Since November 2020”