Soaring Food & Energy Costs Spark Rebound In Producer Prices

Featured Story

Producer Prices rebounded MoM in May with headline Final Demand PPI rising 0.4% (against +0.1% exp) but it left PPI YoY still down 0.8%…

Source: Bloomberg

Some serious dispersion in the various sector’s price swings…

This rebound was driven by a record surge in food prices…

Source: Bloomberg

Two-thirds of the May increase in the index for final demand goods is attributable to a 40.4-percent jump in meat prices.

Source: Bloomberg

The indexes for gasoline, processed young chickens, light motor trucks, liquefied petroleum gas, and carbon steel scrap also moved higher.

Source: Bloomberg

Conversely, prices for chicken eggs fell 41.2 percent. The indexes for diesel fuel and for plastic resins and materials also decreased.

What will Jay Powell do now that average joe’s cost of living is soaring?

StevieRay Hansen
Editor, Bankster Crime

Loading

Don't Miss

Watchman: It’s the Moment When the Music Stops Playing, Investors Stop Buying, and the Ponzi Game Ends Abruptly. It’s a Hard Crash. America’s on the Brink of Its Minsky Moment

By StevieRay Hansen

By SRH, The Bible reminds us to stay vigilant and protect our hearts from the corruption of sin. Evil can only infiltrate our lives if…

Loading

3/30/24: Five Banks Have a Combined Half Trillion Dollars in Commercial Real Estate Loans; Number 1 is JPMorgan Chase

By StevieRay Hansen

By Pam Martens and Russ Martens: Yesterday, American Banker released a report showing that five banks in the U.S. hold a combined half trillion dollars in commercial…

Loading

Sam Bankman-Fried, the Founder of FTX, Has Been Convicted of Fraud and Has Been Sentenced to a Lengthy 25-Year Prison Term

By StevieRay Hansen

Good Day America… By SRH, FTX founder Sam Bankman-Fried has been sentenced to 25 years in prison by U.S. District Judge Lewis Kaplan in New…

Loading

3/28/24: Billionaire Larry Fink of BlackRock, Which Grabbed Fed Bailouts in 2020-2021, Lectures Struggling Seniors on Making More Sacrifices

By StevieRay Hansen

BanksterCrime: By Pam Martens and Russ Martens: Read moreCentral Banks Are Destroying What Was Left Of Free Markets Laurence (Larry) Fink, Chairman and CEO, BlackRock Read moreThe…

Loading

3/27/24: The Global CBDC Roll-Out Is Coming

By StevieRay Hansen

Read moreBank of England-Backed Project: CBDCs Could Enable ‘Programmability’ for MoneyBy SRH, Worldwide, the rollout of Central Bank Digital Currencies is getting closer. China, with…

Loading

StevieRay Hansen

In his riveting memoir, "A Long Journey Home", StevieRay Hansen will lead you through his incredible journey from homeless kid to multimillionaire oilman willing to give a helping hand to other throwaway kids. Available on Amazon.

Leave a Reply

Your email address will not be published. Required fields are marked *