Producer Prices Rise At Fastest Pace Since February

Tyler Durden's Photo
by Tyler Durden
Friday, Dec 11, 2020 - 08:36 AM

Following yesterday's hotter than expected print in consumer prices, and after PMIs signaling surging cost-push inflation, analysts continued to expect that producer prices would rise only marginally in November and they were spot on with Final Demand PPI rising just 0.1% MoM (as expected). On a year-over-year basis, Producer Prices rose 0.8% (slightly hotter than the expected 0.7%) and the highest since February...

Source: Bloomberg

Core PPI (ex food and energy) rose 1.5% YoY (higher than the expected 1.4%) and the highest since January...

Source: Bloomberg

Nothing too fearful here yet for The Fed but prices are accelerating off the lows rather fast.