Keeping you up to date on the latest data releases.
- Producer Price Index
The Producer Price Index (PPI) for finished goods jumped up at an annualized rate of 14.0 percent in December, following a 9.7 percent increase in November, and leaving the series up 4.0 percent on the year. The release noted that about 75 percent of the overall increase in December came from energy prices (which spiked up 55 percent). Excluding volatile food and energy prices, the (“core”) PPI rose 2.1 percent in December, compared to a 3.5 percent increase in November. Still, the core PPI trending at an annualized growth rate of −0.5 percent over the past three months and is up just 1.4 percent over the past year. Further back on the line of production pricing pressure remains on the upside, as core intermediate goods and core crude goods prices are trending at 12-month growth rates of 4.6 percent and 28.1 percent, respectively.