Producer Prices are up, BUT they climbed in 2013 by the least in 5 years. There ain’t a whole lot of inflation.
Wholesale prices in the U.S., as measured by the Producer Price Index, climbed in December for the first time in three months to cap the
smallest annual increase in five years, showing companies face little pressure to charge more.
PPI in December rose 0.4% matching the median estimate of 79 economists surveyed by Bloomberg and followed a 0.1 percent drop in November. The 1.2 increase in PPI for the calendar year was the smallest since 2008, when the financial crisis made the recession that
began in December 2007 even worse. Scant signs of accelerating inflation should give Federal Reserve policy makers room to move
gradually as they wind down their unprecedented asset-purchase program.
Economic Event | Period | Economic Survey | Actual Reported | Original Prior | Revised Prior |
MBA Mortgage Applications | Jan 10 | -- | 11.9% | 2.6% | -- |
Empire Manufacturing | Jan | 3.5 | 12.51 | 0.98 | 2.22 |
PPI MoM | Dec | 0.4% | 0.4% | -0.1% | -- |
PPI Ex Food and Energy MoM | Dec | 0.1% | 0.3% | 0.1% | -- |
PPI YoY | Dec | 1.1% | 1.2% | 0.7% | -- |
PPI Ex Food and Energy YoY | Dec | 1.3% | 1.4% | 1.3% | -- |
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“Veni, vidi, vici, vino - I came, I saw, I conquered, I partied.” ~ Julius Caesar’s black sheep brother
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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