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Inflation Is 'Broadening Out' As Producer Prices Soar Most In 4 Years
Inflation Is 'Broadening Out' As Producer Prices Soar Most In 4 Years
After yesterday's accelerating CPI scare, this morning analysts expected a concomitant surge in producer prices - the big question remains whether it's all energy... or are price-hikes 'broadening out' making The Fed's job harder.
Headline PPI exploded higher in September, rising 1.3% MoM (more than double the 0.6% expected and biggest monthly jump since March 2022), dragging producer prices up 6.3% YoY (+5.4% exp) - the highest since Dec 2022...
Energy dominated the surge in prices...
Final demand goods: Prices for...
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