Wholesale prices surged unexpectedly in April, presenting another potential obstacle to any imminent cuts in interest rates. The Producer Price Index (PPI), which tracks the average trajectory of selling prices received by domestic producers for their output, increased by 0.5% in April. It also showed a 2.2% rise on aRead More →
Despite the recent surge in the Consumer Price Index (CPI), and better than expected PPI data, markets have shrugged off any concern… for now Fickle On Wednesday 10th April 2024 the CPI data announcement pushed the markets down and on Thursday 11th the markets recovered after the PPI data wasRead More →
Is progress on U.S. inflation stalling? That’s the fear spreading through Wall Street as another inflation reading on Friday 16th February 2024 came in hotter-than-expected. The producer price index rose 0.3% in January 2024. The largest increase since August 2024 and higher than the 0.1% forecast. Excluding food andRead More →
Wholesale U.S. prices rose more than expected in September 2023, according to latest data released indicating that inflation remains a problem for the U.S. economy. The producer price index (PPI), which measures costs for finished goods that producers pay, increased 0.5% for the month, higher than estimated for a 0.3%Read More →