US PPI m/m

Treasuries rallied as a report on producer prices suggested that Wednesday’s selloff sparked by hot consumer inflation data was overblown. The advance trimmed some yields by nearly 10 basis points, erasing most of the previous day’s surge. Even before the January producer price index was released, interest-rate strategists at JPMorgan Chase & Co. said investors should buy two-year Treasury notes after Wednesday’s selloff pushed yields toward the high end of the recent range. “It’s a relief rally,” said Lindsay Rosner, head of ...

A gauge of wholesale prices rose more than expected in January, though some details of the report indicated that pipeline inflation pressures are easing. The producer price index, which measures what producers get for their goods and services, increased by a seasonally adjusted 0.4% on the month, compared with the Dow Jones estimate for 0.3%, the Bureau of Labor Statistics reported Thursday. Excluding food and energy, the core PPI was up 0.3%, in line with the forecast. Stock market futures moved higher following the release while ...

There appears to be some welcome news on the US inflation front. Price hikes on the wholesale level were much tamer than anticipated in December, according to the latest Producer Price Index released Tuesday, indicating that inflation might not be reaccelerating as much as feared. However, Tuesday’s positive PPI report may merely be “the calm before the storm,” cautioned economist Chris Rupkey at FwdBonds. President-elect Donald Trump has threatened to unleash a series of steep tariffs on key US trading partners, stoking fears that ...

US wholesale inflation unexpectedly accelerated in November on a surge in egg prices, while other categories suggested a muted increase in the Federal Reserve’s preferred price gauge. The producer price index for final demand rose 0.4% from a month earlier, the most since June, according to a Bureau of Labor Statistics report released Thursday. The median forecast in a Bloomberg survey of economists called for a 0.2% gain. Compared with a year ago, the PPI increased 3% — the largest advance since early 2023. A measure excluding food ...

US wholesale inflation picked up more than expected in October, indicating that some price pressures persist at the producer level. The Producer Price Index, a measurement of average price changes seen by producers and manufacturers, rose 0.2% on a monthly basis and 2.4% for the 12 months ended in October, marking an acceleration from September, when prices ticked up 0.1% for the month and grew 1.9% annually, according to Bureau of Labor Statistics data released Thursday. Economists were expecting prices to increase, in large part ...