10 members / 214 guests (24 hours)

An Interesting IDB update! And how IDB got even faster.  IDB is fast, reliable, and FREE to use. Just join and start posting!

US Producer Prices Spike Most Since September 2012 As Energy Costs Soar

US Producer Prices Spike Most Since September 2012 As Energy Costs Soar


zerohedge.com / by Tyler Durden / Feb 14, 2017 8:37 AM

Following explosive inflation in Germany and China, US producer prices printed hotter than expected at 1.6% YoY (final demand) with a notably 0.6% MoM jump (versus 0.3% exp) – the biggest monthly jump since September 2012.

Thank to revisions, YoY data is not so crazy…

It’s not the economy, it’s energy stupid!

In January, over 60 percent of the advance in the final demand index is attributable to a 1.0-percent increase in prices for final demand goods.

Prices for final demand goods moved up 1.0 percent in January, the largest rise since a 1.0-percent advance in May 2015. Three-fourths of the January increase can be traced to the index for final demand energy, which jumped 4.7 percent. Prices for final demand goods less foods and energy climbed 0.4 percent. The index for final demand foods was unchanged.

“Over half of the January increase in prices for final demand goods is attributable to the gasoline index, which advanced 12.9 percent”

READ MORE