The “Producer Price Index” (PPI) is essentially the tracking of wholesale prices at three stages: Origination (commodity), Intermediate (processing), and then Final (to wholesale). Today, the Bureau of Labor and Statistics (BLS) released September price data [ Available Here ] showing another 8.5 % increase year-over-year in Final Demand products at the wholesale level. However, that’s not the bad news in this data. While the overall September PPI was higher than expected at 0.4%, the Final Demand Producer Price for food products in September was a whopping 1.2% (14.4% annualized ).
The BLS notes the driver by saying , “ […]
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