ACTV - Inflation Is Not Running Hot
2024-03-15 00:55:00 ET
Summary
- The Final Demand version of the Producer Price Index rose 0.6% in February, and that was twice the amount the market expected to see.
- Monthly datapoints jump up and down quite a bit, but on balance, prices are going nowhere. In fact, the PPI is down 0.2% since June '22.
- Prices for unprocessed goods for intermediate demand (another subset of the PPI) have plunged by 31% since June '22.
Don't jump to conclusions based on one month's number.
The Final Demand version of the Producer Price Index rose 0.6% in February, and that was twice the amount the market expected to see....
Inflation Is Not Running Hot