US November PPI Rises 0.2% MoM; Estimate: +0.2%
The US Producer Price Index (PPI) for final demand in November rose 0.2% (m/m), higher than the previous month's 0.1% increase and in line with the market median forecast. However, on an annual basis, the PPI rose 3.0% (y/y), beating the 2.7% estimate, signaling that price pressures from producers are still being felt.
Interestingly, the core PPI (excluding food and energy) remained unchanged on a monthly basis, despite market expectations for a 0.2% increase. However, on an annual basis, this core measure still rose 3.0%, also above the 2.7% estimate. Meanwhile, other measures covering food, energy, and trade in services rose 0.2% (m/m) and 3.5% (y/y)—renewing market vigilance regarding the potential for "residual heat" in inflation from the production cost side. (alg)
Source: Newsmaker.id