May PPI report does “little to dampen US inflationary concerns”

14 June 2022

 

Summary: US producer price index (PPI) up 0.8% in May, in line with expectations; annual rate falls from 10.9% to 10.7%; “core” PPI up 0.2%; figures do little to dampen US inflationary concerns; US Treasury yields higher, rate-rise expectations hardened noticeably: higher energy costs behind most of headline rate’s rise. Around the end of 2018, the annual inflation rate of the US producer price index (PPI) began a downtrend which...

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