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Core Ppi

All articles tagged with #core ppi

economy16 days ago•2 min saved

July PPI flat; core inflation cools, markets rethink Fed path

The producer price index was unchanged in July, below the expected 0.2% gain, while core PPI rose 0.2% (forecast 0.3%). Goods fell 0.7% as energy slid 3.1% (gasoline -5.7%), and services rose 0.2% led by portfolio management; annual PPI gains were 4.7% (all items) and 4.2% (core). Markets rose modestly with futures up and yields down as Fed rate-hike odds shifted, trimming the chance of a September move but keeping October/December in play. CPI rose 0.1% in July, with 0.2% core CPI; initial jobless claims rose to 209,000 for the week ended Aug. 8.

via CNBC|

#core-ppi #economy #fed-rate-hike

economy3 months ago•310 min saved

Gas Price Spike Signals Ongoing Inflation Pain for Consumers

Gas prices jumped 15.6% in April, accounting for about 40% of the month’s rise in prices businesses paid, as the Producer Price Index rose 1.4% for the month and 6% year over year. Core PPI also climbed 1% for the month (5.2% annually), suggesting some higher costs may be passed through to consumers. The article notes Iran-era tensions are weighing on US businesses, likely keeping inflation pressure elevated and potentially pushing prices higher for shoppers.

via CNN|

#consumer-price-pressure #core-ppi #economy