PPI April
PPI Apr +0.2% vs prior +1.1% Full Report
Inside the number: Core PPI Apr +0.4% vs prior +0.2%. Intermediate goods +0.9% vs +2.3%; Crude goods +3.2% vs +8%.
Yoy prices received by manufacturers of intermediate goods +10.5%, crude goods index +34.3%; ex food & energy +7.9%.
Again, we gently repeat one of our mantras: ANYONE who claims stagflation is under double digits is either a paid liar, a fool or both.
Inside the number: Core PPI Apr +0.4% vs prior +0.2%. Intermediate goods +0.9% vs +2.3%; Crude goods +3.2% vs +8%.
Yoy prices received by manufacturers of intermediate goods +10.5%, crude goods index +34.3%; ex food & energy +7.9%.
Again, we gently repeat one of our mantras: ANYONE who claims stagflation is under double digits is either a paid liar, a fool or both.
Comments