{"id":1427427,"date":"2023-09-14T12:53:21","date_gmt":"2023-09-14T16:53:21","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1427427"},"modified":"2023-09-14T12:53:21","modified_gmt":"2023-09-14T16:53:21","slug":"producer-prices-soar-in-august-as-goods-inflation-reignites","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/producer-prices-soar-in-august-as-goods-inflation-reignites\/1427427\/","title":{"rendered":"Producer Prices Soar In August As Goods Inflation Reignites"},"content":{"rendered":"

Producer Prices Soar In August As Goods Inflation Reignites<\/span><\/p>\n

\n

After yesterday’s hotter than expected rebound in CPI, all eyes are on PPI for signs that the pipeline for inflation may be more dove-friendly.<\/p>\n

It wasn’t!<\/p>\n

Producer Prices rose 0.7% MoM in August (up from +0.3% in July and hotter than the +0.4% exp). That is the hottest PPI since June 2022, and pushed YoY prices up 1.6%…<\/strong><\/p>\n

<\/a><\/p>\n

Source: Bloomberg<\/em><\/p>\n

Goods prices are reaccelerating fast, now back into inflation YoY (as Services cost growth slowed only modestly)…<\/p>\n

<\/a><\/p>\n

Source: Bloomberg<\/em><\/p>\n

As a reminder, much of last month’s PPI rise was driven by a big jump in portfolio management costs – as stocks soared. August saw a further rise in those costs…<\/p>\n

<\/a><\/p>\n

Source: Bloomberg<\/em><\/p>\n

More problematically, the pipeline for PPI appears to have inflected as intermediate demand is re-accelerating…<\/p>\n

<\/a><\/p>\n

Source: Bloomberg<\/em><\/p>\n

This is not what The Fed wanted to hear.<\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nThu, 09\/14\/2023 – 08:53<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/personal-finance\/producer-prices-soar-august-goods-inflation-reignites<\/a>\u00a0<\/p>\n

\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Producer Prices Soar In August As Goods Inflation Reignites After yesterday’s hotter than expected rebound in CPI, all eyes are on PPI for signs that…<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-1427427","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pbimBl-5Zl1","jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1427427","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1427427"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1427427\/revisions"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1427427"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1427427"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1427427"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}