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

U.S. SEC Subpoenas PayPal About USD Stablecoin

By StevieRay Hansen

BanksterCrime: Read moreFailed Bank List-Federal officials expect turbulence in the banking industry to continue into next yearBy Amitoj Singh Nov 2, 2023 at 5:47 a.m….

Loading

17 Attorneys General and Two Claimants File Objections to JPMorgan Chase’s Tricked Up Settlement with Jeffrey Epstein Victims

By StevieRay Hansen

BanksterCrime: Read moreFailed Bank List-Federal officials expect turbulence in the banking industry to continue into next yearBy Pam Martens and Russ Martens: Read moreElon Musk ChatGPT…

Loading

Jamie Dimon Craters Bank Stocks on Friday with Plans to Sell One Million Shares of JPMorgan Chase; Warren Buffet Isn’t Smiling

By StevieRay Hansen

BanksterCrime: Read moreFailed Bank List-Federal officials expect turbulence in the banking industry to continue into next yearBy Pam Martens and Russ Martens: Last Friday, at 6:32…

Loading

Sam Bankman-Fried Implied His Friends Lied About His Role in FTX’s Collapse

By StevieRay Hansen

BanksterCrime: Read moreFailed Bank List-Federal officials expect turbulence in the banking industry to continue into next yearBy Nikhilesh De Sam didn’t do it. He didn’t…

Loading

Depositors Beware: Deutsche Bank Warns Trading Revenue Boom Is Ending

By StevieRay Hansen

With Europe’s benchmark interest rates still staunchly in negative territory, the long-suffering European banks, epitomized by fading German ‘national champion’ Deutsche Bank, have benefited from…

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 *