Friday, December 13, 2013

It's The Economy Stupid: PPI

Inflation?  What inflation?

 

Economic Event

Period

Economic Survey

Actual Reported

Original Prior

Revised Prior

PPI MoM

Nov

0.0%

-0.1%

-0.2%

--

PPI Ex Food and Energy MoM

Nov

0.1%

0.1%

0.2%

--

PPI YoY

Nov

0.8%

0.7%

0.3%

--

PPI Ex Food and Energy YoY

Nov

1.4%

1.3%

1.4%

--

 

Wholesale prices in the U.S. as measured by the Producer Price Index declined for a third month in November, reflecting lower costs

for energy and cars.  The 0.1 percent drop in the Producer-Price Index followed a 0.2 percent decrease the prior month. The median estimate in a Bloomberg survey of 77 economists called for no change. The so-called core measure, which excludes food and energy, rose 0.1 percent.  This shows that the prices of goods and materials used in the earlier stages of production fell for a second month as slow improvement in global markets limits demand. 

 

No signs of accelerating inflation gives the Federal Reserve policy makers meeting next week more room to maintain their $85 billion in monthly asset purchases in order to help the economy expand.

 

----------------------

“The early bird gets the worm, but the second mouse gets the cheese.” ~ Jon Hammond

 

John Broussard

Assistant State Treasurer

Chief Investment Officer

State of Louisiana

Department of the Treasury

225-342-0013

jbroussard@treasury.state.la.us

 

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