The Product Price Index (PPI) hit 9.7% in January. The expected number was 9.1%.
US January PPI +9.7% y/y vs +9.1% expectedhttps://t.co/5fnpp6vQNW
— ForexLive (@ForexLive) February 15, 2022
January #PPI hotter than expected at +1% m/m vs. +0.5% est. & +0.2% in December; y/y figure unchanged at +9.7% vs. +9.1% est. … core PPI +0.8% m/m vs. +0.5% est./prior month; +8.3% y/y vs. +7.9% est. & +8.3% in prior month pic.twitter.com/GMuKDPH45A
— Liz Ann Sonders (@LizAnnSonders) February 15, 2022
BREAKING:
*U.S. PRODUCER PRICE INFLATION RISES +9.7% Y/Y IN JANUARY; EST. +9.1%
*U.S. CORE PPI RISES +8.3% Y/Y IN JANUARY; EST. +7.9%
— Investing.com (@Investingcom) February 15, 2022
The PPI rose 1.0% versus expectations of a .5% increase.
U.S. PPI rose +1% MoM in January, vs. estimated 0.5%
— Hedgeye (@Hedgeye) February 15, 2022
This was double the Wall Street expectations.
INFLATION WATCH: U.S. wholesale prices leap 1% in January, PPI shows. Double Wall Street forecast. Core PPI up 0.9%. Wholesale inflation has risen 9.7% in the past year, down 9.8% from prior month. Inflation still running hot and spread throughout the economy …
— MarketWatch Economy (@MKTWeconomics) February 15, 2022
The post Breaking: US January Product Price Index (PPI) Inflation Number Hits 9.7% versus 9.1% Expected appeared first on The Gateway Pundit.
