14 Dec 2021 Brace for Higher Core PPI Inflation, but the Peak is not Far Off

Ian Shepherdson (Chief Economist and Founder)14th Dec 2021 00:20U.S., Daily Monitor

Core PPI inflation has further to rise, but it should start to fall in January.

The details of the NFIB survey are more important than the headline index...

...Look out for strength in capex plans, and a modest rise in selling prices, lifted by gas prices.

asset purchases August base effects bonds capex capex intentions capex plans capital spending core cpi core cpi inflation core index core inflation core PPI cpi cpi inflation credit December empire state empire state survey employment ex-autos fed fed survey fomc forecasts funds gas prices gasoline gdp government growth headline index hiring intentions housing housing starts import prices imports index industrial production inflation inflation forecasts inventories jobless claims June labor labor market manufacturing manufacturing output March May mortgage mortgage applications mortgage demand nahb index nfib survey November October oil ppi PPI inflation producer prices production q1 q1 forecast q2 q3 q4 q4 forecast redbook restaurants retail retail sales s&p 500 sales growth selling prices services index small firms summer supply survey tips total production total sales trade trade services unemployment

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Keywords for: US 14 Dec 2021

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