“Surprise uptick” for US core PPI in January report

15 February 2022

 

Summary: US producer price index (PPI) up 1.0% in January, double 0.5% expected; annual rate eases from 10.0% to 9.8%; “core” PPI also up 1.0%; jump in goods, services components a “big surprise”; not yet at peak but “still good reasons” easing coming. 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 which producer...

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