US producer price rise double expected, long term yields jump

11 August 2020

 

Summary: Prices received by producers increase noticeably on average; rise double expected figure; annual “core” PPI moves away from zero; long-term US bond yields jump; PPI rise driven by both higher goods and services prices.   Around the end of 2018, the annual inflation rate of the US producer price index (PPI) began a downtrend which then continued through 2019. Months in which prices received by producers increased suggested the...

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