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Producer Price Index: Difference between revisions
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!'''Market Reaction''' | !'''Market Reaction''' | ||
!'''Release Date''' | !'''Release Date''' | ||
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|2023 December | |||
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|2023 November | |2023 November | ||
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* Services costs were flat month-over-month after rising for six consecutive months. | * Services costs were flat month-over-month after rising for six consecutive months. | ||
=== | === November 2023 === | ||
* Producer Price Index (PPI) was flat in November<ref>https://www.bls.gov/news.release/ppi.nr0.htm</ref> as was expected<ref>https://www.bloomberg.com/news/articles/2023-12-13/us-producer-prices-little-changed-as-energy-costs-slide</ref>. | * Producer Price Index (PPI) was flat in November<ref>https://www.bls.gov/news.release/ppi.nr0.htm</ref> as was expected<ref>https://www.bloomberg.com/news/articles/2023-12-13/us-producer-prices-little-changed-as-energy-costs-slide</ref>. | ||
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* Services index was unchanged in November, the same as in October. | * Services index was unchanged in November, the same as in October. | ||
* Energy prices fell 1.2% in November. | * Energy prices fell 1.2% in November. | ||
=== December 2023 === | |||
* Producer Price Index (PPI) declined -0.1% m/m, 0.1% was expected | |||
* On a yearly basis, PPI rose 1%, lower than 1.3% estimate but higher than 0.8% in November (revised down from 0.9%). | |||
* Core PPI was also flat in November versus forecast for a 0.2% increase. | |||
* Yearly, core PPI rose 1.8%, lower than 1.9% estimate. | |||
* Services index was unchanged in December, the same as in November | |||
* Energy prices fell 1.2% in December | |||
== References == | == References == | ||