US Producer Prices Soar At Record Pace In August, Up 9 Months In A Row
- US Producer Prices Soar At Record Pace In August, Up 9 Months In A Row
by Tyler Durden, https://www.zerohedge.com/
Transitory or not?
Another month, another series of inflation indicators begins with Producer Prices and it won’t help Powell’s case that this is all ‘transitory’. Headline PPI rose 0.7% MoM (above the 0.6% expected) which sent the headline print up a stunning 8.3% YoY…
And it’s not all energy costs as core PPI also rose faster than expected (up 6.7% YoY) and up for the 9th straight month…