Producer Prices rebounded MoM in May with headline Final Demand PPI rising 0.4% (against +0.1% exp) but it left PPI YoY still down 0.8%…
Some serious dispersion in the various sector’s price swings…
This rebound was driven by a record surge in food prices…
Two-thirds of the May increase in the index for final demand goods is attributable to a 40.4-percent jump in meat prices.
The indexes for gasoline, processed young chickens, light motor trucks, liquefied petroleum gas, and carbon steel scrap also moved higher.
Conversely, prices for chicken eggs fell 41.2 percent. The indexes for diesel fuel and for plastic resins and materials also decreased.
What will Jay Powell do now that average joe’s cost of living is soaring?
Editor, Bankster Crime
It’s important to realize that there is a difference between self-interest and selfishness. All people have self-interests which can operate in ways that are not…Read More
It is the love of money, and not money itself, that is the problem. The love of money is a sin because it gets in…Read More
Why is the love of money a root of all kinds of evil? To help us answer this, we must look at the passage in…Read More
Wells Fargo is the smallest of the four giants that now dominate the U.S. commercial banking business
But it has surpassed its larger counterparts in the extent to which it has been embroiled in a series of scandals involving reckless lending practices…Read More