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Thursday, March 28, 2024

Core Producer Price Inflation Tumbles To Weakest Since 2016

Courtesy of ZeroHedge View original post here.

Following the surprise acceleration in consumer prices, producer prices were expected to re-accelerate after diverging for three months. While the MoM gain in headline PPI was a slight disappointment (+0.1% vs +0.2% MoM) but on a YoY basis it met expectations at +1.3% (still well below CPI)…

Source: Bloomberg

However, core producer price gains (ex-food and energy) were the weakest since August 2016 at just +1.1% YoY…

Source: Bloomberg

Certainly nothing here to spook The Fed into any hawkish action.

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