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Wholesale Inflation

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Energy price drop cools wholesale inflation, but risk of renewed pressure looms
economy3 days ago

Energy price drop cools wholesale inflation, but risk of renewed pressure looms

Wholesale inflation cooled in June as energy prices fell sharply (gasoline down about 12%), with the Producer Price Index dipping 0.3% for the month and 5.5% year over year; core PPI slowed to 4.6% YoY. However, relief may be temporary as Middle East tensions revive oil prices and inflation pressures, including AI-related chip costs and electronics pricing, persist. Fed official Kevin Warsh cautioned against reading one data point as mission accomplished.

via CNN|
#economy#energy-prices#inflation
Gas Price Spike Signals Ongoing Inflation Pain for Consumers
economy2 months ago

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
"Surprise Surge: Wholesale Inflation Hits Highest Level Since September, Signaling Elevated Inflation Pressures"
economy2 years ago

"Surprise Surge: Wholesale Inflation Hits Highest Level Since September, Signaling Elevated Inflation Pressures"

The Labor Department reported that wholesale inflation surged 0.6% in February, reaching its highest level since September 2023, and core prices, excluding food and energy, rose 0.3%. This data follows the recent increase in consumer prices, indicating persistent high inflation that is impacting U.S. households, particularly low-income individuals. The Federal Reserve is closely monitoring these inflationary pressures and considering potential interest rate adjustments as they aim to bring inflation back to their 2% target.

via Fox Business|
#consumer-price-index#economy#federal-reserve
"Inflation Surges: Wholesale and Consumer Prices Soar in February"
economy2 years ago

"Inflation Surges: Wholesale and Consumer Prices Soar in February"

Wholesale inflation in the U.S. rose by 0.6% in February, surpassing expectations and indicating ongoing concerns about inflation. The producer price index, which measures costs for raw, intermediate, and finished goods, increased more than forecasted, contributing to a decline in the stock market and a rise in Treasury yields. Retail sales rebounded by 0.6% in February, but were still below expectations, while initial filings for unemployment insurance decreased slightly. The Federal Reserve's upcoming policy meeting will be closely watched for insights into future monetary policy decisions.

via CNBC|
#economy#federal-reserve#monetary-policy
"January Wholesale Inflation Surges, Complicating Matters for Fed"
economics2 years ago

"January Wholesale Inflation Surges, Complicating Matters for Fed"

The Producer Price Index (PPI) rose 0.3% in January, with an annual increase of 0.9%, driven by price hikes among service providers. Despite exceeding economists' expectations, the annual increase is in line with the last quarter of 2023 and remains below pre-pandemic levels. Goods producer prices fell, while food producer prices dropped for the second month in a row. The latest avian flu outbreak caused wild price swings for eggs, but economists believe it won't be as severe as in 2022. Core PPI, excluding food and energy, jumped 0.5% for the month, indicating potential effects from broader geopolitical disruptions. The warmer-than-expected PPI data, along with the latest Consumer Price Index, is unlikely to alter the Federal Reserve's intended path for interest rate cuts this year.

via CNN|
#consumer-prices#economics#economy
"Surging Wholesale Inflation in January Sparks Concerns"
economy2 years ago

"Surging Wholesale Inflation in January Sparks Concerns"

The Labor Department's producer price index, a key measure of wholesale inflation, rose 0.3% in January, exceeding expectations and indicating persistent price pressures in the economy. Core prices, excluding food and energy, surged 0.5% for the month, pointing to ongoing inflationary challenges. This data follows a recent report showing consumer prices rising faster than anticipated. The Federal Reserve, closely monitoring inflation, has signaled caution in considering interest rate cuts amid the persistent inflationary pressures.

via Fox Business|
#consumer-price-index#economy#federal-reserve
"Surprise Drop: US Wholesale Prices Fall in December, Signaling Positive Inflation Trend"
economics2 years ago

"Surprise Drop: US Wholesale Prices Fall in December, Signaling Positive Inflation Trend"

Wholesale inflation in the US eased more than expected in December, with the producer price index falling 0.1% from the previous month and up 1% annually, lower than predicted. Core prices, excluding food and energy, were also unchanged for the month and up 1.8% annually. The data comes after a report of a 0.3% rise in the consumer price index in December, above expectations. These reports will impact the Federal Reserve's decisions on interest rates, with investors expecting a quarter-point reduction as early as March.

via Fox Business|
#consumer-price-index#economics#federal-reserve
"November Wholesale Inflation Eases, Energy Prices Fall, but Inflation Still Above Fed's Target"
economy2 years ago

"November Wholesale Inflation Eases, Energy Prices Fall, but Inflation Still Above Fed's Target"

Wholesale inflation in the US eased more than expected in November, according to the Labor Department's producer price index, indicating a loosening grip on the economy by high consumer prices. The index remained unchanged from the previous month, with prices up 0.9% annually, lower than predicted. Core prices, excluding food and energy, also remained unchanged for the month, down from the estimated 0.2%. These reports will have implications for the Federal Reserve, which has raised interest rates to cool the economy but may soon pivot to cutting rates given the decline in inflation.

via Fox Business|
#consumer-prices#economy#federal-reserve
"Surprising Drop in Wholesale Inflation Eases Recession Fears"
economy2 years ago

"Surprising Drop in Wholesale Inflation Eases Recession Fears"

Wholesale inflation in the US unexpectedly dropped by 0.5% in October, marking the largest decline in three years, according to the Labor Department. On an annual basis, prices remain up 1.3%, a significant decrease from September's 2.2%. Core prices, which exclude food and energy, remained unchanged for the month, lower than expected. These reports suggest that high inflation may be starting to dissipate, which could have implications for the Federal Reserve's interest rate decisions. Many economists believe the central bank is done raising rates given the notable decline in inflation.

via Fox Business|
#consumer-prices#economy#federal-reserve
Japan's Wholesale Inflation Slows Sharply, Reflecting Waning Cost Pressures
economy2 years ago

Japan's Wholesale Inflation Slows Sharply, Reflecting Waning Cost Pressures

Japan's wholesale inflation slowed below 1% for the first time in over two and a half years in October, indicating a decrease in cost push pressures that had been driving up prices. The slowdown in commodity-led inflation aligns with the Bank of Japan's projections, and attention now turns to whether wages and household spending will increase enough to generate demand-driven consumer price rises. The corporate goods price index (CGPI) increased 0.8% in October, matching market forecasts but cooling significantly from September's 2.2% rise. The slowdown was attributed to declines in prices for wood, chemical, and steel products, reflecting falling global commodity costs.

via Reuters.com|
#bank-of-japan#cost-pressures#demand-driven-inflation