Producer Price Index Rises More Than Forecast

So they forecast a 2.2% annual increase, it was a 2.2% annual increase, and that is "far more than expected?"

 

No it didn't. It went up by 0.5% in the month (from a downwardly revised -0.1% in the previous month). It went up 2.2% for the year.

Producer Price Index Home

 

And the last month adjustment was -0.2% from the forecast. That is how a higher monthly reading doesn't change the annual change.

 

Wholesale prices rose 0.5% in April, more than expected

KEY POINTS

• The producer price index, a measure of what producers receive for the goods they produce, increased 0.5% in April and was up 2.2% on a 12-month basis, the biggest gain in a year.
• The core PPI also rose 0.5% compared with the 0.2% Dow Jones estimate.
• Services prices boosted the wholesale inflation reading, climbing 0.6% and accounting for about three-quarters of the headline gain.

 

Maybe/maybe not but going forward please post more reliable news sources. Thanks!

 

Sub 2% inflation from 2009-2020 is an aberration.

Consumer Price Index, 1913- | Federal Reserve Bank of Minneapolis

with current deficits running 6% of gdp, a tight labor force driven by demographics, deglobalization etc it isn’t likely we see sub 2% again, unless we experience some major technological breakthroughs - which is possible.

 

You mean the part about 2.2% inflation being “on fire”?

 

Surged? Since when is 0.5 a surge?

 

Breibart knows who it’s audience is

 

From a more objective albeit still conservative source.
https://www.investors.com/news/econ...il-health-care-core-pce-fed-rate-cuts-sp-500/

 

BOMBSHELL REPORT: Conservatives Bad At Math

 

The audience is important to all of these propaganda organizations including the MSM.

 

When you’re expecting .2 and you get .5, that is a surge. When you annualize the .5, it is 6%, that is a surge.

We don’t know at this point in time that the .5 will continue and annualize at 6%. But we do know that in our most recent month, we ate up 25% of the target in 8% of the year.

 

Assuming it doesn’t get adjusted down again. Even if it doesn’t, It’s one data point among a whole lot for the year.
Having said that, before long we will be past “minimal data points” and into a trend. Powell today even softened his tone again on the possibility of more inflation, though still not predicting rate hikes.