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”