PPI (MoM) (US)

Last year, prices increased in the first half after a pretty soft year in 2017, but in August they declined by 0.1% against 0.2% expected. In September, the producer price index (PPI) came back to normal, increasing by 0.2%. In October, PPI suddenly jumped by 0.6%. In November though, the pace of increase fell to just 0.1%, so back to normal. But they turned negative again in December, posting a 0.2% decline that month and a 0.1% decline in January. Although, core PPI increased by 0.3% that month. So, it seems that the falling Oil prices towards the end of last year had a negative impact on PPI inflation. In February the PPI returned to positive territory increasing by 0.1% as Oil prices started increasing in January. In March we saw a 0.6% jump. Although, the PPI inflation cooled off again and in May and June it came at just 0.1%. Although it ticked higher in July to 0.2%, core PPI turned negative, declining by 0.1%. In August, core inflation increased by 0.1% while core CPI jumped 0.3% higher. The last several months of 2019 were volatile and in November core PPI declined by 0.2% while the headline PPI remained flat. PPI junped by 0.7%  i August but is expected to come down to 0.3% in September.  Follow us for live coverage of the economic calendar by experienced analysts.