Producer Price Inflation Comes In ‘Red Hot’ In November

December 12, 2024

Producer Price Inflation Comes In ‘Red Hot’ In November

Following yesterday’s reported re-ignition in consumer price inflation (despite people seemingly being exuberant that it was ‘as expected’ – we don’t remember The Fed’s mandate being stable prices in line with consensus expectations?), this morning’s producer prices were expected to accelerate further also to +2.6% YoY from +2.4% YoY.

But it didn’t…

Headline PPI surged 0.4% MoM (+0.2% MoM exp) – biggest MoM jump since June – which lifted the YoY rise in producer prices to +3.0% – far above expectations and the highest since Feb 2023…

Source: Bloomberg

Headline PPI’s big jump was driven by food costs (rising at their fastest since Nov 2022)…

Source: Bloomberg

Services costs are accelerating fast on a YoY basis and Energy’s deflationary pressure is evaporating rapidly…

Source: Bloomberg

Core PPI (ex-food and energy) rose 0.2% MoM as expected but the YoY core PPI jumped dramatically to +3.4% YoY – also the hottest since Feb 2023…

Source: Bloomberg

Does that look like an inflationary backdrop that needs a rate-cut next week?

Tyler Durden
Thu, 12/12/2024 – 08:36

https://www.zerohedge.com/markets/producer-price-inflation-comes-red-hot-november

Producer Price Inflation Comes In ‘Red Hot’ In November <body> <h1> Array ( [0] => oroducer price inflation comes in ‘red hot’ in november [1] => lroducer price inflation comes in ‘red hot’ in november [2] => -roducer price inflation comes in ‘red hot’ in november [3] => 0roducer price inflation comes in ‘red hot’ in november [4] => peoducer price inflation comes in ‘red hot’ in november [5] => pdoducer price inflation comes in ‘red hot’ in november [6] => pfoducer price inflation comes in ‘red hot’ in november [7] => ptoducer price inflation comes in ‘red hot’ in november [8] => p5oducer price inflation comes in ‘red hot’ in november [9] => p4oducer price inflation comes in ‘red hot’ in november [10] => priducer price inflation comes in ‘red hot’ in november [11] => prkducer price inflation comes in ‘red hot’ in november [12] => prlducer price inflation comes in ‘red hot’ in november [13] => prpducer price inflation comes in ‘red hot’ in november [14] => pr0ducer price inflation comes in ‘red hot’ in november [15] => pr9ducer price inflation comes in ‘red hot’ in november [16] => prosucer price inflation comes in ‘red hot’ in november [17] => proxucer price inflation comes in ‘red hot’ in november [18] => procucer price inflation comes in ‘red hot’ in november [19] => profucer price inflation comes in ‘red hot’ in november [20] => prorucer price inflation comes in ‘red hot’ in november [21] => proeucer price inflation comes in ‘red hot’ in november [22] => prodycer price inflation comes in ‘red hot’ in november [23] => prodhcer price inflation comes in ‘red hot’ in november [24] => prodjcer price inflation comes in ‘red hot’ in november [25] => prodicer price inflation comes in ‘red hot’ in november [26] => prod8cer price inflation comes in ‘red hot’ in november [27] => prod7cer price inflation comes in ‘red hot’ in november [28] => produxer price inflation comes in ‘red hot’ in november [29] => produver price inflation comes in ‘red hot’ in november [30] => produfer price inflation comes in ‘red hot’ in november [31] => produder price inflation comes in ‘red hot’ in november [32] => producwr price inflation comes in ‘red hot’ in november [33] => producsr price inflation comes in ‘red hot’ in november [34] => producdr price inflation comes in ‘red hot’ in november [35] => producrr price inflation comes in ‘red hot’ in november [36] => produc4r price inflation comes in ‘red hot’ in november [37] => produc3r price inflation comes in ‘red hot’ in november [38] => producee price inflation comes in ‘red hot’ in november [39] => produced price inflation comes in ‘red hot’ in november [40] => producef price inflation comes in ‘red hot’ in november [41] => producet price inflation comes in ‘red hot’ in november [42] => produce5 price inflation comes in ‘red hot’ in november [43] => produce4 price inflation comes in ‘red hot’ in november [44] => producer orice inflation comes in ‘red hot’ in november [45] => producer lrice inflation comes in ‘red hot’ in november [46] => producer -rice inflation comes in ‘red hot’ in november [47] => producer 0rice inflation comes in ‘red hot’ in november [48] => producer peice inflation comes in ‘red hot’ in november [49] => producer pdice inflation comes in ‘red hot’ in november [50] => producer pfice inflation comes in ‘red hot’ in november [51] => producer ptice inflation comes in ‘red hot’ in november [52] => producer p5ice inflation comes in ‘red hot’ in november [53] => producer p4ice inflation comes in ‘red hot’ in november [54] => producer pruce inflation comes in ‘red hot’ in november [55] => producer prjce inflation comes in ‘red hot’ in november [56] => producer prkce inflation comes in ‘red hot’ in november [57] => producer proce inflation comes in ‘red hot’ in november [58] => producer pr9ce inflation comes in ‘red hot’ in november [59] => producer pr8ce inflation comes in ‘red hot’ in november [60] => producer prixe inflation comes in ‘red hot’ in november [61] => producer prive inflation comes in ‘red hot’ in november [62] => producer prife inflation comes in ‘red hot’ in november [63] => producer pride inflation comes in ‘red hot’ in november [64] => producer pricw inflation comes in ‘red hot’ in november [65] => producer prics inflation comes in ‘red hot’ in november [66] => producer pricd inflation comes in ‘red hot’ in november [67] => producer pricr inflation comes in ‘red hot’ in november [68] => producer pric4 inflation comes in ‘red hot’ in november [69] => producer pric3 inflation comes in ‘red hot’ in november [70] => producer price unflation comes in ‘red hot’ in november [71] => producer price jnflation comes in ‘red hot’ in november [72] => producer price knflation comes in ‘red hot’ in november [73] => producer price onflation comes in ‘red hot’ in november [74] => producer price 9nflation comes in ‘red hot’ in november [75] => producer price 8nflation comes in ‘red hot’ in november [76] => producer price ibflation comes in ‘red hot’ in november [77] => producer price imflation comes in ‘red hot’ in november [78] => producer price ijflation comes in ‘red hot’ in november [79] => producer price ihflation comes in ‘red hot’ in november [80] => producer price indlation comes in ‘red hot’ in november [81] => producer price inclation comes in ‘red hot’ in november [82] => producer price invlation comes in ‘red hot’ in november [83] => producer price inglation comes in ‘red hot’ in november [84] => producer price intlation comes in ‘red hot’ in november [85] => producer price inrlation comes in ‘red hot’ in november [86] => producer price infkation comes in ‘red hot’ in november [87] => producer price infpation comes in ‘red hot’ in november [88] => producer price infoation comes in ‘red hot’ in november [89] => producer price inflztion comes in ‘red hot’ in november [90] => producer price inflstion comes in ‘red hot’ in november [91] => producer price inflwtion comes in ‘red hot’ in november [92] => producer price inflqtion comes in ‘red hot’ in november [93] => producer price inflarion comes in ‘red hot’ in november [94] => producer price inflafion comes in ‘red hot’ in november [95] => producer price inflagion comes in ‘red hot’ in november [96] => producer price inflayion comes in ‘red hot’ in november [97] => producer price infla6ion comes in ‘red hot’ in november [98] => producer price infla5ion comes in ‘red hot’ in november [99] => producer price inflatuon comes in ‘red hot’ in november [100] => producer price inflatjon comes in ‘red hot’ in november [101] => producer price inflatkon comes in ‘red hot’ in november [102] => producer price inflatoon comes in ‘red hot’ in november [103] => producer price inflat9on comes in ‘red hot’ in november [104] => producer price inflat8on comes in ‘red hot’ in november [105] => producer price inflatiin comes in ‘red hot’ in november [106] => producer price inflatikn comes in ‘red hot’ in november [107] => producer price inflatiln comes in ‘red hot’ in november [108] => producer price inflatipn comes in ‘red hot’ in november [109] => producer price inflati0n comes in ‘red hot’ in november [110] => producer price inflati9n comes in ‘red hot’ in november [111] => producer price inflatiob comes in ‘red hot’ in november [112] => producer price inflatiom comes in ‘red hot’ in november [113] => producer price inflatioj comes in ‘red hot’ in november [114] => producer price inflatioh comes in ‘red hot’ in november [115] => producer price inflation xomes in ‘red hot’ in november [116] => producer price inflation vomes in ‘red hot’ in november [117] => producer price inflation fomes in ‘red hot’ in november [118] => producer price inflation domes in ‘red hot’ in november [119] => producer price inflation cimes in ‘red hot’ in november [120] => producer price inflation ckmes in ‘red hot’ in november [121] => producer price inflation clmes in ‘red hot’ in november [122] => producer price inflation cpmes in ‘red hot’ in november [123] => producer price inflation c0mes in ‘red hot’ in november [124] => producer price inflation c9mes in ‘red hot’ in november [125] => producer price inflation cones in ‘red hot’ in november [126] => producer price inflation cokes in ‘red hot’ in november [127] => producer price inflation cojes in ‘red hot’ in november [128] => producer price inflation comws in ‘red hot’ in november [129] => producer price inflation comss in ‘red hot’ in november [130] => producer price inflation comds in ‘red hot’ in november [131] => producer price inflation comrs in ‘red hot’ in november [132] => producer price inflation com4s in ‘red hot’ in november [133] => producer price inflation com3s in ‘red hot’ in november [134] => producer price inflation comea in ‘red hot’ in november [135] => producer price inflation comez in ‘red hot’ in november [136] => producer price inflation comex in ‘red hot’ in november [137] => producer price inflation comed in ‘red hot’ in november [138] => producer price inflation comee in ‘red hot’ in november [139] => producer price inflation comew in ‘red hot’ in november [140] => producer price inflation comes un ‘red hot’ in november [141] => producer price inflation comes jn ‘red hot’ in november [142] => producer price inflation comes kn ‘red hot’ in november [143] => producer price inflation comes on ‘red hot’ in november [144] => producer price inflation comes 9n ‘red hot’ in november [145] => producer price inflation comes 8n ‘red hot’ in november [146] => producer price inflation comes ib ‘red hot’ in november [147] => producer price inflation comes im ‘red hot’ in november [148] => producer price inflation comes ij ‘red hot’ in november [149] => producer price inflation comes ih ‘red hot’ in november [150] => producer price inflation comes in ᰰred hot’ in november [151] => producer price inflation comes in &#u216;red hot’ in november [152] => producer price inflation comes in &#i216;red hot’ in november [153] => producer price inflation comes in ␀red hot’ in november [154] => producer price inflation comes in ᾴred hot’ in november [155] => producer price inflation comes in &#8q16;red hot’ in november [156] => producer price inflation comes in &#8w16;red hot’ in november [157] => producer price inflation comes in ⁼red hot’ in november [158] => producer price inflation comes in •red hot’ in november [159] => producer price inflation comes in &#82q6;red hot’ in november [160] => producer price inflation comes in ‗red hot’ in november [161] => producer price inflation comes in &#821t;red hot’ in november [162] => producer price inflation comes in &#821y;red hot’ in november [163] => producer price inflation comes in ’red hot’ in november [164] => producer price inflation comes in ‘eed hot’ in november [165] => producer price inflation comes in ‘ded hot’ in november [166] => producer price inflation comes in ‘fed hot’ in november [167] => producer price inflation comes in ‘ted hot’ in november [168] => producer price inflation comes in ‘5ed hot’ in november [169] => producer price inflation comes in ‘4ed hot’ in november [170] => producer price inflation comes in ‘rwd hot’ in november [171] => producer price inflation comes in ‘rsd hot’ in november [172] => producer price inflation comes in ‘rdd hot’ in november [173] => producer price inflation comes in ‘rrd hot’ in november [174] => producer price inflation comes in ‘r4d hot’ in november [175] => producer price inflation comes in ‘r3d hot’ in november [176] => producer price inflation comes in ‘res hot’ in november [177] => producer price inflation comes in ‘rex hot’ in november [178] => producer price inflation comes in ‘rec hot’ in november [179] => producer price inflation comes in ‘ref hot’ in november [180] => producer price inflation comes in ‘rer hot’ in november [181] => producer price inflation comes in ‘ree hot’ in november [182] => producer price inflation comes in ‘red got’ in november [183] => producer price inflation comes in ‘red bot’ in november [184] => producer price inflation comes in ‘red not’ in november [185] => producer price inflation comes in ‘red jot’ in november [186] => producer price inflation comes in ‘red uot’ in november [187] => producer price inflation comes in ‘red yot’ in november [188] => producer price inflation comes in ‘red hit’ in november [189] => producer price inflation comes in ‘red hkt’ in november [190] => producer price inflation comes in ‘red hlt’ in november [191] => producer price inflation comes in ‘red hpt’ in november [192] => producer price inflation comes in ‘red h0t’ in november [193] => producer price inflation comes in ‘red h9t’ in november [194] => producer price inflation comes in ‘red hor’ in november [195] => producer price inflation comes in ‘red hof’ in november [196] => producer price inflation comes in ‘red hog’ in november [197] => producer price inflation comes in ‘red hoy’ in november [198] => producer price inflation comes in ‘red ho6’ in november [199] => producer price inflation comes in ‘red ho5’ in november [200] => producer price inflation comes in ‘red hotᰱ in november [201] => producer price inflation comes in ‘red hot&#u217; in november [202] => producer price inflation comes in ‘red hot&#i217; in november [203] => producer price inflation comes in ‘red hot␁ in november [204] => producer price inflation comes in ‘red hot᾵ in november [205] => producer price inflation comes in ‘red hot&#8q17; in november [206] => producer price inflation comes in ‘red hot&#8w17; in november [207] => producer price inflation comes in ‘red hot⁽ in november [208] => producer price inflation comes in ‘red hot‣ in november [209] => producer price inflation comes in ‘red hot&#82q7; in november [210] => producer price inflation comes in ‘red hot‘ in november [211] => producer price inflation comes in ‘red hot&#821y; in november [212] => producer price inflation comes in ‘red hot&#821u; in november [213] => producer price inflation comes in ‘red hot‚ in november [214] => producer price inflation comes in ‘red hot’ un november [215] => producer price inflation comes in ‘red hot’ jn november [216] => producer price inflation comes in ‘red hot’ kn november [217] => producer price inflation comes in ‘red hot’ on november [218] => producer price inflation comes in ‘red hot’ 9n november [219] => producer price inflation comes in ‘red hot’ 8n november [220] => producer price inflation comes in ‘red hot’ ib november [221] => producer price inflation comes in ‘red hot’ im november [222] => producer price inflation comes in ‘red hot’ ij november [223] => producer price inflation comes in ‘red hot’ ih november [224] => producer price inflation comes in ‘red hot’ in bovember [225] => producer price inflation comes in ‘red hot’ in movember [226] => producer price inflation comes in ‘red hot’ in jovember [227] => producer price inflation comes in ‘red hot’ in hovember [228] => producer price inflation comes in ‘red hot’ in nivember [229] => producer price inflation comes in ‘red hot’ in nkvember [230] => producer price inflation comes in ‘red hot’ in nlvember [231] => producer price inflation comes in ‘red hot’ in npvember [232] => producer price inflation comes in ‘red hot’ in n0vember [233] => producer price inflation comes in ‘red hot’ in n9vember [234] => producer price inflation comes in ‘red hot’ in nocember [235] => producer price inflation comes in ‘red hot’ in nobember [236] => producer price inflation comes in ‘red hot’ in nogember [237] => producer price inflation comes in ‘red hot’ in nofember [238] => producer price inflation comes in ‘red hot’ in novwmber [239] => producer price inflation comes in ‘red hot’ in novsmber [240] => producer price inflation comes in ‘red hot’ in novdmber [241] => producer price inflation comes in ‘red hot’ in novrmber [242] => producer price inflation comes in ‘red hot’ in nov4mber [243] => producer price inflation comes in ‘red hot’ in nov3mber [244] => producer price inflation comes in ‘red hot’ in novenber [245] => producer price inflation comes in ‘red hot’ in novekber [246] => producer price inflation comes in ‘red hot’ in novejber [247] => producer price inflation comes in ‘red hot’ in novemver [248] => producer price inflation comes in ‘red hot’ in novemner [249] => producer price inflation comes in ‘red hot’ in novemher [250] => producer price inflation comes in ‘red hot’ in novemger [251] => producer price inflation comes in ‘red hot’ in novembwr [252] => producer price inflation comes in ‘red hot’ in novembsr [253] => producer price inflation comes in ‘red hot’ in novembdr [254] => producer price inflation comes in ‘red hot’ in novembrr [255] => producer price inflation comes in ‘red hot’ in novemb4r [256] => producer price inflation comes in ‘red hot’ in novemb3r [257] => producer price inflation comes in ‘red hot’ in novembee [258] => producer price inflation comes in ‘red hot’ in novembed [259] => producer price inflation comes in ‘red hot’ in novembef [260] => producer price inflation comes in ‘red hot’ in novembet [261] => producer price inflation comes in ‘red hot’ in novembe5 [262] => producer price inflation comes in ‘red hot’ in novembe4 ) </h1> </body>