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.

Inflation

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 the index past its record increase from last month. The index for final demand, less foods and energy, was up 7.7% versus 7.2% in October.

The Producer Price Index for final demand increased 0.8% month-over-month in August (consensus 0.4%) after increasing 0.6% in October. The index for final demand, less foods and energy, increased 0.7% month-over-month ( consensus 0.4%) after increasing 1.0% in October.

The key takeaway from the report is that PPI rose the most since July and above market expectations of 0.5 percent amid supply and labor constraints as inflationary pressure builds., the year-over-year growth rate in PPI rose to a fresh record. Over 60 percent of the October increase can be traced to a 1.2 percent rise in prices for final demand goods. The index for final demand services moved up 0.2 percent, and prices for final demand construction advanced 6.6 percent.

US PPI November 2021 Highlights

  • US PPI Final Demand (Y/Y) Jul: 7.8% (est 7.2%; prev 7.3%)
  • US PPI Final Demand (M/M) Jul: 1.0% (est 0.6%; prev 1.0%)
United States Consumer Price Index (CPI)
US PPI Annually
United States Producer Price Inflation MoM
US PPI Monthly

United States Producer Prices Final Demand Less Foods and Energy

Highlights November 2021

  • PPI Ex Food And Energy (M/M) Nov: 0.7% (est 0.4%, prev 0.4%)
  • PPI Ex Food And Energy (Y/Y) Nov: 7.7% (est 7.2%, prev 6.8%)

 

United States Producer Prices Final Demand Less Foods and Energy YoY
US Core PPI Inflation Annually
United States Producer Prices Final Demand Less Foods and Energy MoM
US Core PPI Inflation Monthly

Source BLS

From the Traders Community News Desk

One thought on “US Producer Price Inflation Continue Rising At Record Pace in November”

  1. MoneyNeverSleeps says:

    Gold as a hedge against inflation doesn’t seem to be a thing – hottest PPI evah and …

    Gold futures settled $1,772.30/oz down (-0.9%) or $16.00 lower. This was near 2 week lows.

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