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☆ Wholesale prices rose 0.3% in July, higher than expected
▼ + stars: | 2023-08-11 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

A measure of wholesale prices rose more than expected in July, countering recent trends showing that inflation pressures are easing. Core PPI rose 2.4% on a 12-month basis, tied for the lowest since January 2021. Excluding food, energy and trade services, PPI increased 0.2%. Services costs pushed the index higher, rising 0.5% for the month, the largest gain since August 2022. Goods prices rose just 0.1%, though food prices increased 0.5% while prices excluding food and energy were unchanged.

Persons: Dow Jones Organizations: of Labor Statistics, PPI, Markets, Dow Jones, Treasury, Energy, BLS, Federal Reserve

☆ PPI: US wholesale inflation rose more than expected in July
▼ + stars: | 2023-08-11 | by ( Alicia Wallace | ) edition.cnn.com time to read: +4 min

Minneapolis CNN —US wholesale inflation rose more than expected in July, reversing a yearlong cooling trend, the Bureau of Labor Statistics reported Friday. Services prices rose 0.5% from June, the highest monthly increase since March 2022 for the category, BLS data shows. Still more to comeThe report comes just one day after the Consumer Price Index showed that prices rose 3.2% annually in July. Similar base effects played their role in the headline PPI increase as well, noted Rankin. When stripping out the more volatile categories of food and energy, core PPI rose 2.4% annually in July.

Persons: Price, Kurt Rankin, ”, ” Rankin, Rankin, “, Matthew Martin, Oren Klachkin, Dow Organizations: Minneapolis CNN, of Labor Statistics, Refinitiv, PPI, Services, PNC Financial Services, CNN, “, Federal Reserve, Oxford, ” Energy, Fed, Federal Locations: Minneapolis, That’s

The Tokyo Tower, left, and commercial and residential buildings at night in Minato district of Tokyo, Japan, on Saturday, Oct. 1, 2022. Photographer: Akio Kon/Bloomberg via Getty ImagesAsia-Pacific markets are set to rise on Friday after more inflation data out from the U.S. came in softer than expected, raising optimism that inflation could come down without weakening the labor market. "Most stock and bond index prices rose today as economic data indicates inflation has fallen quickly and the labor market remains strong," Bill Merz, senior investment director at U.S. Bank Wealth Management. June's producer price index rose less than anticipated, climbing 0.1% year on year, compared to the 0.2% expected by economists polled by Dow Jones. Hong Kong's Hang Seng index also looks set to continue its rally after surging more than 2.5% on Thursday.

Persons: Akio Kon, Bill Merz, Dow Jones Organizations: Bloomberg, Getty Images, U.S, Bank Wealth Management, Core PPI, Nikkei Locations: Tokyo, Minato district, Japan, Getty Images Asia, Pacific, U.S, Chicago, Osaka, Australia

☆ Wall St ends up, extends recent gains on cooling US inflation
▼ + stars: | 2023-07-13 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +4 min

Wednesday's CPI report showed U.S. consumer prices registered their smallest annual increase in more than two years. The reports have helped to support the view the Federal Reserve will stop hiking rates after an expected 25 basis points rate increase later this month. Technology-related shares provided the most support to the S&P 500, and an index of tech-focused shares including megacaps (.NYFANG) gained 2.7% and registered a record high close. Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 7, 2023. The S&P 500 posted 51 new 52-week highs and one new low; the Nasdaq Composite recorded 135 new highs and 39 new lows.

Persons: Mona Mahajan, Edward Jones, Brendan McDermid, JPMorgan Chase, Alan Lancz, Alan B, Bard, Caroline Valetkevitch, Johann M Cherian, Sinead Carew, Shashwat Chauhan, Saumyadeb Chakrabarty, Maju Samuel, Deepa Babington Organizations: Dow, Nasdaq, Federal Reserve, PPI, . Technology, Dow Jones, Nvidia, New York Stock Exchange, REUTERS, JPMorgan, Lancz, Associates Inc, Air Lines, PepsiCo, Google, Inc, U.S, NYSE, Thomson Locations: U.S, Philadelphia, New York City, Toledo , Ohio, Europe, Brazil, Bengaluru, New York

☆ Wall St ends up, extends recent gains after producer prices data
▼ + stars: | 2023-07-13 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +3 min

Wednesday's CPI report showed U.S. consumer prices registered their smallest annual increase in more than two years. The reports have helped to support the view the Federal Reserve will stop hiking rates after an expected 25 basis points rate increase later this month. "PPI is another confirmation this week that inflation continues to trend in the right direction even as we see better overall labor market and consumer data. According to preliminary data, the S&P 500 (.SPX) gained 37.73 points, or 0.84%, to end at 4,509.89 points, while the Nasdaq Composite (.IXIC) gained 219.35 points, or 1.58%, to 14,138.31. Delta Air Lines (DAL.N) shares gained after it lifted its full-year profit outlook following stronger-than-expected second-quarter earnings on a relentless post-pandemic travel boom.

Persons: Mona Mahajan, Edward Jones, JPMorgan Chase, Alan Lancz, Alan B, Bard, Caroline Valetkevitch, Johann M Cherian, Sinead Carew, Shashwat Chauhan, Saumyadeb Chakrabarty, Maju Samuel, Deepa Babington Organizations: Delta Air Lines, Federal Reserve, PPI, Nasdaq, Dow Jones, Nvidia, JPMorgan, Lancz, Associates Inc, Air Lines, PepsiCo, Google, Inc, Thomson Locations: Philadelphia, Toledo , Ohio, Europe, Brazil, Bengaluru, New York

☆ US producer inflation muted; labor market still tight
▼ + stars: | 2023-07-13 | by ( Lucia Mutikani | ) www.reuters.com time to read: +7 min

That was the smallest year-on-year gain since August 2020 and followed a 0.9% increase in May. CORE INFLATION SLOWINGExcluding the volatile food and energy components, the so-called core goods prices fell 0.2% last month after climbing 0.1% in May. In the 12 months through June, the core PPI advanced 2.6%. That was the smallest year-on-year gain since February 2021 and followed a 2.8% increase in May. While inflation is slowing, the labor market remains tight.

Persons: Bill Adams, Jeffrey Roach, Christopher Rupkey, Lucia Mutikani, Chizu Nomiyama, Paul Simao Organizations: PPI, Labor Department, Federal Reserve, Comerica Bank, Reuters, Financial, Services, Wholesale, Fed, Energy, LPL Financial, Treasury, CPI, Thomson Locations: WASHINGTON, U.S, Dallas, Charlotte , North Carolina, Stocks, New York

U.S. producer prices barely rose in June and the annual increase in producer inflation was the smallest in nearly three years. Keeping a lid on optimism, a separate report showed weekly jobless claims unexpectedly fell last week, indicating that the labor market remains tight. InflationTraders expect a 20% probability that the central bank will hike borrowing costs in its November meeting but have fully priced in a 25-basis-point rate hike later in July. Five of the 11 major S&P 500 sectors advanced, with communications services (.SPLRCL) leading gains boosted by a 4.9% jump in Alphabet (GOOGL.O). Overall, earnings for the S&P 500 constituents are expected to have dropped 6.4% in the second quarter, Refinitiv data showed.

Persons: IRPR, David Russell, Bard, ChatGPT, Johann M Cherian, Shashwat Chauhan, Saumyadeb Chakrabarty, Maju Samuel Organizations: PepsiCo, Dow, Nasdaq, Federal Reserve, Dow Jones, Google, Microsoft, Delta Air Lines, Meta, NYSE, Thomson Locations: Europe, Brazil, Bengaluru

☆ US producer prices barely rise in June; core PPI subsides
▼ + stars: | 2023-07-13 | by ( ) www.reuters.com time to read: +2 min

WASHINGTON, July 13 (Reuters) - U.S. producer prices barely rose in June and the annual increase in producer inflation was the smallest in nearly three years, more evidence that the economy had entered a disinflation phase. The producer price index for final demand nudged up 0.1% last month, the Labor Department said on Thursday. Economists polled by Reuters had forecast the PPI would rebound 0.2% on the month and rise 0.4% on a year-on-year basis. A 0.2% increase in the prices of services accounted for the rise in the monthly PPI last month. Excluding the volatile food and energy components, the so-called core goods prices fell 0.2% last month after climbing 0.1% in May.

Persons: Lucia Mutikani, Paul Simao Organizations: Labor Department, PPI, Reuters, Services, Energy, Thomson

☆ Key US inflation gauge cooled last month to the lowest level in nearly three years
▼ + stars: | 2023-07-13 | by ( Alicia Wallace | ) edition.cnn.com time to read: +4 min

The PPI index, a key inflation gauge that tracks the average change in prices that businesses pay to suppliers, has cooled significantly since peaking at 11.2% in June 2022 and has now declined for 12 consecutive months. Annual producer price inflation is at its lowest level since August 2020, BLS data shows. “It’s definitely a good month for inflation,” Pelle told CNN. Starting in March 2022, the central bank rolled out 10 consecutive interest rate hikes to tame inflation, finally hitting pause last month. Doves tend to favor looser monetary policy and issues like low unemployment over low inflation, while hawks favor robust rate hikes and keeping inflation low above all else.

Persons: Price, Watchara, —, Alex Pelle, It’s, ” Pelle, “, That’s, Pelle, ” Organizations: Minneapolis CNN —, Bureau of Labor Statistics, La, MediaNews, The Press, Enterprise, Getty, BLS, PPI, Mizuho Securities, CNN, ”, CPI, Federal Reserve Locations: Minneapolis, La Reina, San Bernardino , California

☆ PPI report: Another key inflation gauge fell sharply in May
▼ + stars: | 2023-06-14 | by ( Alicia Wallace | ) edition.cnn.com time to read: +3 min

Driven by a decline in energy prices and food prices, this inflation measure has now decelerated for 11 consecutive months. Potential relief for consumersThe PPI is a closely watched inflation gauge, since it captures average price shifts upstream of the consumer. Stripping out the more volatile categories of energy and food, the core PPI index showed that prices increased 0.2% from April and moderated to 2.8% on an annual basis. The May PPI report is the second piece of good inflation news in a two-day span: On Tuesday, the Consumer Price Index showed that inflation eased to 4% on an annual basis in May. “We can’t keep getting inflation data like this and maintain inflation is out of control,” he wrote.

Persons: Price, It’s, ” Kurt Rankin, ”, Chris Rupkey, Rupkey Organizations: Minneapolis CNN, Bureau of Labor Statistics, PNC Financial Services Group, PPI, Federal Reserve, CPI Locations: Minneapolis

☆ US producer inflation subsides as energy, food prices drop
▼ + stars: | 2023-06-14 | by ( Lucia Mutikani | ) www.reuters.com time to read: +6 min

Reuters GraphicsGoods prices, which rose 0.2% in April, were last month depressed by a 6.8% tumble in energy prices. Gasoline prices plummeted 13.8%, accounting for 60% of the decrease in goods prices. The cost of services rose 0.2% after advancing 0.3% in April, driven by margins for automobiles and parts retailing. Excluding the volatile food and energy components, the so-called core goods prices edged up 0.1% last month, matching April's gain. The narrower measure of core PPI, which strips out food, energy and trade services components, was unchanged after inching up 0.1% in April.

Persons: Andrew Kelly, Christopher Rupkey, Veronica Clark, Jerome Powell, Lucia Mutikani, Chizu Nomiyama, Andrea Ricci Organizations: REUTERS, PPI, Labor Department, Federal Reserve, Reuters Graphics, Fed, Reuters, Treasury, Citigroup, CPI, Thomson Locations: Manhattan , New York City, U.S, WASHINGTON, New York, Ukraine

(Photo by Marc Fernandes/NurPhoto via Getty Images)Asia-Pacific markets are trading mixed after the U.S. posted more data that showed inflation was easing. The producer price index for April, posted a year-on-year increase of 0.2%, against a Dow Jones estimate for 0.3% and after declining 0.4% in March. In mainland China, the Shanghai Composite fell 1.12% and closed at 3,272.36, dragged lower by in academic and educational services stocks. Hong Kong's Hang Seng index also fell 0.7% ahead of its first-quarter GDP figures. The Topix also climbed 0.64% and ended at 2,096.39, led by health care and utilities stocks.

☆ Wholesale prices rose just 0.2% in April, less than estimate as inflation pressures ease
▼ + stars: | 2023-05-11 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

Wholesale prices rose less than expected in April, according to a Labor Department report Thursday that provides more hope that inflation is at least trending lower. The producer price index, a measure of prices for final demand goods and services, increased 0.2%, against the Dow Jones estimate for 0.3% and after declining 0.4% in March. On an annual basis, the headline PPI increased just 2.3%, down from 2.7% in March and the lowest reading since January 2021. Though the PPI rise was less than expected, the services index increased 0.3%, the biggest move since November 2022, the Bureau of Labor Statistics report stated. Gasoline prices rose 8.4%, pushing the goods index higher by 0.2%.

Persons: Dow Jones, Quincy Krosby Organizations: Labor Department, Dow, PPI, of Labor, LPL, Federal Reserve, CPI Locations: Washington

☆ US labor market gradually losing steam; producer inflation cooling
▼ + stars: | 2023-04-13 | by ( Lucia Mutikani | ) www.reuters.com time to read: +7 min

Still, the labor market and inflation are likely not cooling fast enough to stop the Federal Reserve from raising interest rates one more time next month. Claims, however, remain below the 270,000 level, a breach of which economists say would signal a deterioration in the labor market. "The upcoming labor market downturn will be modest since the drop in demand is expected to be fairly modest." InflationThe annual PPI rate is subsiding as last year's large increases drop out of the calculation. In the 12 months through March, the core PPI advanced 3.6% after increasing 4.5% in February.

☆ U.S. producer prices unexpectedly fall in March
▼ + stars: | 2023-04-13 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Hannah BeierWASHINGTON, April 13 (Reuters) - U.S. producer prices unexpectedly fell in March as the cost of gasoline declined, and there were signs that underlying producer inflation was subsiding. The annual PPI rate is subsiding as last year's large increases drop out of the calculation. Goods prices fell 0.3% in February. Excluding the volatile food and energy components, core goods prices rose 0.3% after a similar gain in February. Excluding food, energy and trade services components, producer prices gained 0.1% in March.

New York CNN —A key measure of inflation fell dramatically in February, according to the latest Producer Price Index, which tracks what America’s producers get paid for their goods and services. Producer price increases slowed to an annual pace of 4.6% last month, significantly down from 6% in January, the Labor Department reported Wednesday. Economists surveyed by Refinitiv had been expecting the 12-month rise in wholesale prices to slow to a 5.4% increase. Those are down from January’s downwardly revised 5% annual price gain and 0.1% monthly increase. The latest Consumer Price Index, which was released Tuesday, showed prices were up 6% during the 12 months ended in February.

☆ Wholesale prices rose 0.7% in January, more than expected, fueling inflation increase
▼ + stars: | 2023-02-16 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

Inflation rebounded in January at the wholesale level, as producer prices rose more than expected to start the year, the Labor Department reported Thursday. On a 12-month basis, headline PPI increased 6%, still elevated but well off its 11.6% peak in March 2022. The PPI increase came amid a 5% increase in energy costs but a 1% decline in food. About one-third of that increase came from a 6.2% increase in the gasoline index. The services index rose 0.4%, pushed by a 0.6% increase in prices for final demand services less trade, transportation and warehousing.

☆ Premarket stocks: Don't underestimate the American shopper
▼ + stars: | 2023-02-16 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

All that extra cash should support strong spending through February and perhaps March, said Bank of America analysts. That means the Fed may use the strong data as an excuse to keep hiking interest rates. Recession risk may be deferred, but it certainly hasn’t dissipated.”PPI, housing starts and bald spots: What investors are watching today▸ Thursday morning brings two big data releases: The January Producer Price Index and housing starts. ▸ Housing starts, a measure of new home construction, have declined every month since August. Housing starts are expected to decline slightly.

☆ Get ready for a deluge of data next week that will shape the Fed's next moves
▼ + stars: | 2023-01-21 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Within the portfolio, we'll get the latest earnings from Danaher (DHR), Halliburton (HAL), and Johnson & Johnson (JNJ) on Tuesday before the opening bell. While the results will be important as always, we are most interested in the earnings call with analysts and investors. Housing Starts fell 1.4% in December to a seasonally adjusted annual rate of 1.38 million, slightly above the 1.36 million expected. Building permits dropped 1.6% in December to a seasonally adjusted annual rate of 1.33 million, below expectations of 1.37 million. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ U.S. producer prices fall more than expected in December
▼ + stars: | 2023-01-18 | by ( ) www.reuters.com time to read: +1 min

WASHINGTON, Jan 18 (Reuters) - U.S. producer prices fell more than expected in December as the costs of energy products and food declined, offering more evidence that inflation was receding. The producer price index for final demand decreased 0.5% last month, the Labor Department said on Wednesday. Data for November was revised lower to show the PPI rising 0.2% instead of 0.3% as previously reported. Goods, which gained 0.1% in November, were pulled down by a 7.9% plunge in energy and a 1.2% drop in food prices. Excluding the volatile food, energy and trade services components, producer prices gained 0.1% in December.

☆ Wholesale prices fell 0.5% in December, much more than expected
▼ + stars: | 2023-01-18 | by ( Jeff Cox | ) www.cnbc.com time to read: +1 min

Prices for wholesale goods and services fell sharply in December, providing another sign that inflation, while still high, is beginning to ease. The producer price index, which measures final demand prices across hundreds of categories, declined 0.5% for the month, the Labor Department reported Wednesday. A sharp drop in energy prices helped bring the headline inflation reading down for the month. Within that category, wholesale gasoline prices fell 13.4%. The final demand food index also fell, declining 1.2%.

☆ U.S. producer prices increase in November; trend slowing
▼ + stars: | 2022-12-09 | by ( Lucia Mutikani | ) www.reuters.com time to read: +4 min

The report from the Labor Department on Friday also showed underlying producer prices increasing at their slowest pace since April 2021 on a year-on-year basis. "Easing producer prices foreshadow an improving inflation environment," said Jeffrey Roach, chief economist at LPL Financial in Charlotte, North Carolina. However, the monthly increase in producer prices illustrates the need for continued tightening." A 3.3% increase in food prices was offset by a 3.3% drop in energy costs. Excluding the volatile food, energy and trade services components, producer prices gained 0.3% in November.

☆ Wholesale prices rose 0.3% in November, more than expected, despite hopes that inflation is cooling
▼ + stars: | 2022-12-09 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

Wholesale prices rose more than expected in November as food prices surged, dampening hopes that inflation could be headed lower, the Labor Department reported Friday. Markets now will turn their attention to the more closely watched consumer price index, which is due out Tuesday morning. On the goods side, the index rose just 0.1%, steep decline from its 0.6% October gain. Roach said the soaring food price index is "likely an anomaly and not necessarily reflecting a change in trend." The trade index rose 0.7%, while transportation and warehousing fell 0.9%.

☆ U.S. producer prices slow in October in boost to inflation outlook
▼ + stars: | 2022-11-15 | by ( Lucia Mutikani | ) www.reuters.com time to read: +4 min

Goods prices rose 0.3% in September. Gasoline jumped 5.7%, making up 60% of the rise in goods prices. Food prices rose 0.5%, lifted by fresh and dry vegetables as well as chicken eggs. Excluding the volatile food, energy and trade services components, producer prices rose 0.2% in October. In the 12 months through October, the core PPI rose 5.4% after increasing 5.6% in September.

☆ U.S. producer prices rise less than expected in October
▼ + stars: | 2022-11-15 | by ( ) www.reuters.com time to read: +1 min

WASHINGTON, Nov 15 (Reuters) - U.S. producer prices increased less than expected in October, further evidence that inflation was starting to subside. The producer price index for final demand rose 0.2% last month, the Labor Department said on Tuesday. Government data last week showed consumer prices rose less than expected in October, pushing the annual increase below 8% for the first time in eight months. Excluding the volatile food, energy and trade services components, producer prices rose 0.2% in October. In the 12 months through October, the core PPI rose 5.4% after increasing 5.6% in September.

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