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Core Producer Price Growth Slowest In 11 Months

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Extending its recent period of slowdown, core US producer prices rose just 2.4% YoY (below the 2.5% expected) – the slowest since May 2018.

  • Producer prices for goods rose 0.3% after gaining 1% the previous month.

  • Services prices increased 0.1% after a 0.3% gain.

The overall producer-price index was up 0.2% from March, also below estimates, after a 0.6% increase, but the month-over-month Core PPI jumped 0.4% – the most since Jan 2018.

The report showed monthly declines in categories including thermoplastic resins and materials, traveler accommodation services and margins for some retail sectors.

Energy prices jumped 1.8% from the prior month, boosting the overall gauge, while food costs fell 0.2%.

Notch another low-flation print as ammo for cutting rates and juicing the economy, right?


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Tyler Durden

Zero Hedge's mission is to widen the scope of financial, economic and political information available to the professional investing public, to skeptically examine and, where necessary, attack the flaccid institution that financial journalism has become, to liberate oppressed knowledge, to provide analysis uninhibited by political constraint and to facilitate information's unending quest for freedom. Visit https://www.zerohedge.com

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