PPI Inflation Accelerates To +3.3%, Driven By 'Core Services,' +4.0%, Both The Worst Readings In Nearly 2 Years
Source: SeekingAlpha
2025-01-14 23:57:00 ET
Summary
- The December PPI accelerated to an increase of 3.31%, driven largely by services, which accelerated to 4.03%. Both increases were the worst since February 2023.
- “Core” PPI accelerated to 3.55% year-over-year in December, the fastest pace since February 2023, up from 3.47% in the prior month.
- November’s overall PPI reading was revised up to a year-over-year increase of 3%, from 2.98% reported a month ago.
2024, the year of sharp acceleration. Services, accounting for two-thirds of PPI, are where inflation is festering and accelerating. ...
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PPI Inflation Accelerates To +3.3%, Driven By 'Core Services,' +4.0%, Both The Worst Readings In Nearly 2 Years
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