Wholesale prices just spiked way above expectations. PPI up 0.5% in one month, core PPI up 0.7% when experts expected 0.3%.
Translation: costs that hit companies are climbing fast, and they do not magically disappear. They get passed straight to you and me.
Wholesale prices just spiked way above expectations. PPI up 0.5% in one month, core PPI up 0.7% when experts expected 0.3%.
Translation: costs that hit companies are climbing fast, and they do not magically disappear. They get passed straight to you and me.
— PPI inflation rises to 5.4% YOY, highest of 2026
— Core PPI rises to 4.6% YOY
— 10-year Treasury yield rises to about 4.92%
— 30-year Treasury yield rises to about 5.33–5.35%
— Brent crude hits about $104–$105
— PPI inflation rises to 5.4% YOY, highest of 2026
— Core PPI rises to 4.6% YOY
— 10-year Treasury yield rises to about 4.92%
— 30-year Treasury yield rises to about 5.33–5.35%
— Brent crude hits about $104–$105
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“.. In the last 10 years, only April 2021 had a bigger jump.”
@mikezaccardi.bsky.social
“.. In the last 10 years, only April 2021 had a bigger jump.”
@mikezaccardi.bsky.social
PPI Inflation fell to 2.6% year-on-year, with prices falling 0.1% month-on-month
Core PPI inflation fell to 2.8% year-on-year, with prices falling 0.1% month-on-month
PPI Inflation fell to 2.6% year-on-year, with prices falling 0.1% month-on-month
Core PPI inflation fell to 2.8% year-on-year, with prices falling 0.1% month-on-month
This was before the war with Iran
DUN DUN DUN -- Fox Business copes with more bad inflation data
"Thesssseeee numbers are much hotter than expected, guys ... this is not good"
This was before the war with Iran
- RBAdvisers
- RBAdvisers
- Schwab
- Schwab
*US JULY PPI EX FOOD & ENERGY RISES 0.9% M/M; EST. +0.2%
*US JULY PPI EX FOOD & ENERGY RISES 0.9% M/M; EST. +0.2%
“.. Sorry folks, it ain’t just the war. The SuperCore PPI (i.e., no food, energy or trade) has been accelerating for 11 months.”
“.. Sorry folks, it ain’t just the war. The SuperCore PPI (i.e., no food, energy or trade) has been accelerating for 11 months.”
It'll be harder to gauge effects of #supplychain disruptions, #tariffs, #monetary, #fiscal & #regulatory #policy and more.
www.bls.gov/ppi/notices/...
#econsky #PPI @aaronsojourner.org
It'll be harder to gauge effects of #supplychain disruptions, #tariffs, #monetary, #fiscal & #regulatory #policy and more.
www.bls.gov/ppi/notices/...
#econsky #PPI @aaronsojourner.org