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Producer Price Index: Difference between revisions
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* Yearly, headline PPI rose 2.3%, below the 2.4% estimate and 2.7% growth in March. | * Yearly, headline PPI rose 2.3%, below the 2.4% estimate and 2.7% growth in March. | ||
* 80% of the rise in PPI was attributed to the 0.3% rise in prices for final demand services<ref>https://www.cnbc.com/2023/05/11/wholesale-prices-rose-just-0point2percent-in-april-less-than-estimate-as-inflation-pressures-ease.html</ref>. | * 80% of the rise in PPI was attributed to the 0.3% rise in prices for final demand services<ref>https://www.cnbc.com/2023/05/11/wholesale-prices-rose-just-0point2percent-in-april-less-than-estimate-as-inflation-pressures-ease.html</ref>. | ||
=== May 2023 === | |||
* The producer price index declined by 0.3% in May, more than the 0.1% decline expected by Dow Jones. | |||
* Core PPI rose 0.2% in line with the estimates. | |||
* The decline in PPI was mainly attributed to the 1.6% decline in prices for final demand goods<ref>https://www.cnbc.com/2023/06/13/stock-market-today-live-updates.html</ref>. | |||
* Year-over-year, PPI rose 1.1% in May versus 1.50% expected<ref name=":0" />. | |||
== References == | == References == | ||