Keeping you up to date on the latest data releases.
- Producer Price Index
The Producer Price Index (PPI), which the Bureau of Labor Statistics noted was unaffected by the recent hurricane, edged down 1.8 percent in October, after sharp, energy price-related increases in August and September. On a year-over-year basis, the PPI is up 2.3 percent. Excluding food and energy prices, the “core” PPI decreased 2.6 percent in October, its first decline since November 2010. Still, the core PPI is up 2.1 percent over the past year. Further back on the production line, there was a dearth of price pressure as core intermediate goods prices were flat and core crude goods prices fell 15 percent during the month. Both series are down on a year-over-year basis, though the volatility of producer prices is inversely related to the stage of processing (so crude goods are the most volatile and hardest to tease a signal out of).