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Producer Price Inflation Weakest In 3 Years As Brokerage Costs Collapse

Courtesy of ZeroHedge View original post here.

Following yesterday's mixed picture for consumer prices, producer prices are expected to rebound from September's shocking plunge and it did, beating expectations of a 0.3% MoM jump (but year-over-year growth in PPI slipped to +1.1% – the lowest since September 2016).

Source: Bloomberg

Core PPI rose 0.3% MoM but also slipped on a YoY basis to its coldest since March 2017…

Source: Bloomberg

Once again, Trump's tariffs have done nothing to drive prices higher as every establishment economist decried.

 

 


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