Friday, November 13, 2020

PPI Inflation: "Core Producer Price Growth Slows In October But Food Prices Surge"

 From ZeroHedge:

After yesterday's disappointing (for some) cooler-than-expected CPI, analysts also expect producer price growth to decelerate in October but it modestly beat expectations, rising 0.3% MoM (vs +0.2% MoM exp).

On a YoY basis, producer prices rise 0.5%, well below that of consumer prices...

Source: Bloomberg

In October, nearly 60 percent of the rise in the final demand index can be traced to a 0.5-percent increase in prices for final demand goods. The index for final demand services moved up 0.2 percent.

Source: Bloomberg

Core PPI disappointed expectations, rising just 0.1% MoM vs +0.2% exp....


Related, November 5:
"FAO Food Price Index continued its upward trend in October"