After CPI data released hotter than expected on Wednesday, investors continue to be surprised by producer inflation data rising again to +0.7% monthly after -0.4% decline in December, pulling the overall PPI YoY to +6.0%, down from 6.5% previous month. This is the highest monthly increase since 06/2022 but the slowest annual increase since 03/2021.
Most of the change in the PPI basket comes from increased fuel consumption as well as rebounding fuel prices in recent times:
Comments (0)
No comments yet
Be the first to comment
Login to comment