Core Producer Prices Surge Most Since Jan 2015, Gasoline Prices Soar

Wednesday, June 15, 2016
By Paul Martin

by Tyler Durden
Jun 15, 2016

While inflationary pressures remain relativel nascent, today’s Producer Price Index data for May suggests The Fed may face some more pressure soon. Final Demand rose 0.4% MoM, more than expected and the highest since May 2015. However, core PPI (ex food and energy) rose 1.2% YoY (higher than expected) – the most since January 2015. The main driver of PPI in May was a 2.8% surge in energy prices (in particular a 6.6% spike in gasoline prices). The last 3 months have seen the biggest rise in PPI gasoline since Aug 09.

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