November PPI flat; supply-chain price pressures normalising

13 December 2023

 

Summary: US producer price index (PPI) flat in November, less than expected; annual rate slows to 0.8%; “core” PPI also flat; ANZ: shows normalisation in supply-chain price pressures, firms’ pricing power; US Treasury yields plunge; 2024 rate-cut expectations harden; goods prices, services prices both flat. Around the end of 2018, the annual inflation rate of the US producer price index (PPI) began a downtrend which continued through 2019. Months in...

read full story