China’s Producer Price Index (PPI) fell for the eighth straight month in May, fortifying concerns about the economy slipping into a deflationary situation. Data from China’s National Bureau of Statistics show that the country’s PPI for May declined by 4.6 percent year over year, according to Reuters. This is the eighth consecutive monthly decline and…
China’s Producer Price Inflation Falls 4.6 Percent in May Amid Overall Deflation Risk
June 9, 2023
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US Wholesale Price Data for April Points to Easing Inflation Pressures
WASHINGTON—Wholesale prices in the United States rose modestly last month, the latest sign that inflationary pressures may be easing more than a year after the Federal Reserve unleashed an aggressive campaign of steadily higher interest rates. From March to April, the government’s producer price index rose just 0.2 percent after falling 0.4 percent from February…
Wholesale Inflation Slows Sharply to Slowest Pace in 2 Years
Wholesale inflation slowed sharply in March after a year of Federal Reserve rate hikes, with producer prices rising at their slowest pace in two years. The Producer Price Index (PPI)—which reflects price changes by manufacturers, farmers, and wholesalers—fell by 0.5 percent month-over-month in March, according to data from the Bureau of Labor Statistics (BLS). Consensus forecasts expected…
Wholesale Inflation Falls, Retail Sales Slump, Investors Bet Fed Will Stop Hiking Rates
March 15, 2023
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Wholesale inflation slowed sharply in February as retail sales turned negative, a sign that inflationary pressures may be easing and bolstering investor bets that the Federal Reserve will slow it blistering pace of interest-rate hikes as the economy cools. The Producer Price Index (PPI), which reflects prices charges by manufacturers, farmers, and wholesalers, fell by…
Producer Prices Rose in January, Signaling Continued Inflation
U.S. Wholesale prices rose 0.7 percent over the same month last year, seasonally adjusted, the largest increase since March 2022. Experts see the increase as an indication that the inflation hampering the U.S. economy for more than 18 months will continue into 2023. The Bureau of Labor Statistics (BLS) released the Producer Price Index (PPI)…
Wholesale Inflation Rises 8 Percent, but Stocks Jump as Investors Thought It Would Be Worse
Wholesale inflation rose by 8 percent in annual terms and 0.2 percent in monthly terms in October, suggesting inflationary pressures for consumers are far from dissipated, but stocks rallied on the opening bell as investors thought the price data would be worse. Investors expected that inflation from the perspective of business input costs, as measured…
Inflation ‘Nowcast’ Tracker Suggests Price Pressures Increasing
October 19, 2022
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The trend of high inflation rates over the past few months looks all set to continue through October, according to a recent estimate by the Federal Reserve Bank of Cleveland. October’s Consumer Price Index (CPI), a measure of inflation, is predicted to be up by more than 0.8 percent from September, the Fed’s “Nowcast” inflation…
More Inflation Pain for Consumers Likely as Business Cost Gauge Soars
Inflation from the perspective of business costs—which tend to get passed along to consumers—soared in September, reversing the prior month’s decline and coming in twice as high as markets expected, pointing to a drawn-out Fed fight against high prices. The Producer Price Index (PPI) jumped by 0.4 percent between August and September, according to data…
Business Cost Gauge Points to Inflation Sticking Around for Longer
A new report from the Department of Labor detailing price dynamics from the perspective of input costs to businesses shows underlying inflationary pressures rising in August, suggesting inflation could stick around for longer. The headline Producer Price Index (PPI), which tracks inflation before it hits consumers, fell 0.1 percent between July and August, according to a statement…
Producer Prices Are Red Hot
September 14, 2022
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Commentary The spin machine on inflation news has been working on overdrive. Yesterday’s CPI release revealed terrible news and that was obvious within seconds of the release. It was a shock so perhaps it is understandable that the pressure of deadlines caused major media to downplay how grim it was. First we were told it…
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