Under Biden, Producer Prices Rose at Triple the Rate They Did Under Trump
14th January 2025
For a change, we get to see producer prices first this month (before tomorrow’s CPI extravaganza). While central bankers are sure this resurgence is a blip – a transitory rebound on the way to 2% – analysts are far less convinced with expectations signaling a big jump in inflation in December data.
Analysts were right on direction but not on magnitude as headline PPI rose 0.2% MoM (+0.4% exp), pulling the YoY PPI up to +3.3% from +3.0% prior (but below the 3.5% exp) – the highest since Feb 2023.