Recent Updates
- Denmark: Government Finance and Debt (Mar); Finland: Import Export Price Index (Mar)
- Kazakhstan: Deposits of Individuals (Mar)
- Australia: Population by Region (2017)
- New Zealand: External Migration (Mar); Australia: CPI (Q1)
- Japan: Service Producer Price Index, Checks and Bills Clearing, Core CPI (Mar)
- Malaysia: Business Cycle Indicators (Feb); Bangladesh: Nominal Wage Rates (Dec); China: FDI, Domestic Debt Securities, Stock
- more updates...
Economy in Brief
PMIs Stabilize or Creep Higher After Drop-Off
In the EMU, both the services and manufacturing sectors took a substantial step down one month ago...
FIBER: Industrial Commodity Prices Strengthen Selectively
The FIBER Industrial Materials Price Index increased 0.4% during the last four weeks...
German PPI Accelerates
The German year-on-year PPI has generally been decelerating since early 2017...
U.S. Leading Economic Indicators Signal Continued Expansion
The Conference Board's Composite Index of Leading Economic Indicators increased 0.3% during March...
Philadelphia Fed Factory Conditions Improve; Prices Jump
The Philadelphia Fed reported that its General Factory Sector Business Conditions Index rose to 23.2 during April...
by Tom Moeller November 14, 2007
Finished producer prices ticked up just 0.1% during October following the firm 1.1% rise during September. The gain was the smallest since June and was slightly less than Consensus expectations for a 0.3% rise. Nevertheless, it lifted the y/y increase to 6.0% its strongest in two years.
Core finished goods producer prices were
unchanged last month. It was the first month without an increase in
prices since a slight decline this past March and it was less than the
expected 0.2% increase. Again, it left the y/y gain at 2.5% which was
its strongest in two years. The recent momentum in core producer prices
did, however, fall to its lowest of 1.0% since May.
Energy prices fell 0.8% (16.1% y/y) as prices for gasoline fell 0.8% (+32.4% y/y) after the 4.7% September jump. Natural gas prices also fell 0.5% (+7.7% y/y) but home heating oil prices increased 3.2% (16.2% y/y.
Food prices were again strong and rose 0.8% (7.1% y/y) on the heels of a 1.5% jump during September. Vegetable prices soared 29.1% (27.0% y/y) but beef prices fell 2.1% (+1.5% y/y).
Household appliance prices were firm and rose 0.4% (1.2% y/y) after two months of 0.2% decline while passenger car prices jumped 5.7% (0.4% y/y).
Capital equipment prices jumped 1.0% (2.0% y/y) reflecting
strength in most categories.
Intermediate goods prices ticked up 0.1% and the index
excluding food & energy prices again rose a small 0.1%. Prices
for steel mill products fell 1.8%, the fourth month of sharp decline.
The crude materials PPI rose 2.4% led higher by a 3.7% (4.1% y/y) gain in crude petroleum and a 9.7% (37.6% y/y) rise in natural gas prices. The core crude materials PPI also was strong and rose 1.4%. Iron & steel scrap prices again rose 1.4% (29.8% y/y).
Today's speech by Federal Reserve Chairman Ben S. Bernanke on Federal Reserve Communications can be found here.
Producer Price Index | October | September | Y/Y | 2006 | 2005 | 2004 |
---|---|---|---|---|---|---|
Finished Goods | 0.1% | 1.1% | 6.0% | 2.9% | 4.9% | 3.6% |
Core | 0.0% | 0.1% | 2.5% | 1.4% | 2.4% | 1.5% |
Intermediate Goods | 0.1% | 0.4% | 5.4% | 6.4% | 8.0% | 6.6% |
Core | 0.1% | 0.1% | 1.9% | 6.0% | 5.5% | 5.7% |
Crude Goods | 2.4% | 0.1% | 25.6% | 1.4% | 14.6% | 17.5% |
Core | 1.4% | 1.6% | 18.8% | 20.9% | 4.9% | 26.5% |