https://www.forexlive.com/news/!/us-september-ppi-yy-vs-87-expected-20211014
Prior was 8.3% y/y
PPI ex food and energy 6.8% vs 7.1% expected
m/m PPI +0.5% vs +0.6% expected
m/m ex food and energy +0.2% vs +0.5% expected
This is the highest since at least November 2010 on the headline but the ex food and energy numbers are on the soft side. That highlights that pipeline price stresses might not be quite as high as advertised. Services PPI rose only modestly (helped by a contraction in prices for transportation and storage)...
40 percent of the advance in PPI goods can be attributed to a 2.8-percent jump in prices for final demand energy.
What do we think, inflation Bulls and Bears?
Submitted October 14, 2021 at 08:46AM by Ok_Context_35612 https://ift.tt/3aD8U1c
