Biden’s Legacy: Producer Price Inflation Jumps Higher Than Expected
The latest sign that the fight against inflation is not yet won.
The latest sign that the fight against inflation is not yet won.
The producer price index indicates that inflation is not yet ready to go gently into the night.
A slightly hotter than expected inflation figure for August is the latest reminder that the Fed has not yet restored price stability.
Inflation pressures in the U.S. showed further signs of cooling in July as producer prices rose just 0.1 percent, less than expected.
Bidenflation is not done with America yet.
Another soft inflation report for May.
The producer price index shows that inflation accelerated significantly in April.
The producer price index, a key gauge of inflation, surged higher in February, confirming that the pace of inflation has accelerated as the new year has got underway.
Inflation came roaring back in January, putting Fed cuts in doubt.
Prices paid for goods and services to U.S. producers were unchanged in November compared with October, the Department of Labor said. The producer price index for final demand, which is the Labor Department’s longest-running inflation gauge but less closely followed
Inflation is proving stickier than expected and core price increases are accelerating.
Higher energy prices are fueling a sharper than expected rise in prices paid to U.S. businesses, a signal that there’s still a long way to go to tame Bidenflation.
Producer prices rose at a faster pace in July.
The producer price index saw the smallest annual increase since 2020.
Services prices still rising.
The index, which measures what domestic businesses are paid for goods and services, rose by 0.2 percent in April. In March, the index fell 0.5 percent.
A big decline in gasoline prices in March drove the overall index down.
Core producer prices, however, are still rising.
Following a week of data showing unexpectedly resurgent inflation, fed funds futures contracts now indicate the Federal Reserve will hike its target rate up by half a percentage point in the coming months.
Inflation in the prices of goods and services produced in the U.S. rose at the fastest rate since June of 2022.
Weaker-than-expected holiday sales led to deeper discounts from retailers, wholesalers, services businesses, and producers.
The producer price index comes in hotter than expected and revisions show it has been worse than previously thought since September.
Underlying inflation slowed in October but rising gas prices kept the producer price index higher.
Fresh and dried vegetable prices are up 40.2 percent compared with a year ago.
A big jump in the producer price index for September shows inflation persists and is stronger than expected.
Core PPI accelerated in August. The prices of raw materials sold business to business jumped 5.7 percent.
Also: here’s why food inflation matters more than headline or core prices.
It sure doesn’t look like “zero inflation” at the grocery store.
This week’s second government report on the inflation that has gripped the country and rocked the economy for over a year now. Gasoline helped pull down the headline number but excluding energy prices kept rising.
A week ago, the Fed Funds futures market implied a 4 percent chance of a 75 basis point hike. Now it implies a 90 percent chance.
Sixth month in a row of double-digit inflation.
Transporting goods across the U.S. keeps getting more and more expensive with each passing month. Pete Buttigieg call your office!
Prices charged by U.S. businesses for goods and services sold to households, businesses, and governments are up more than expected.
Prices keep surging higher.
The highest full-year producer price inflation on record.
Inflation in the prices of goods and services purchased by businesses soared in November.
Inflation continued to run hotter than expected in November.
This may be the most expensive Thanksgiving in history.
Prices rose 8.6 percent from a year ago in October, the second consecutive month of the fastest annual pace of inflation in records going back 10 years. The Department of Labor said the Producer Price Index accelerated to show a
The Department of Labor issued its twin inflation reports, known as the Consumer Price Index and the Producer Price Index, this week. They both showed the prices of many popular holiday gifts have shot up over the past twelve months.