Keeping you up to date on the latest data releases.
The Producer Price Index (PPI) for finished goods jumped up at an annualized rate of 9.7 percent in November, largely due to an increase in energy prices (up 27.7 percent). On a year-over-year basis, the PPI is up 3.5 percent. Excluding food and energy prices, the (“core”) PPI rebounded somewhat from a 6.7 percent decrease in October, rising 3.5 percent in November (providing further evidence that October’s decline was noise). Still, the core PPI trending at an annualized growth rate of −0.7 percent over the past three months and is up just 1.3 percent over the past year. Further back on the line of production pricing pressure was to the upside in November, as core intermediate goods rose 8.2 percent and core crude goods spiked up 44.6 percent.