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15th Mar 2022 00:20U.S., Daily Monitor

  • The February PPI likely was boosted by soaring energy and food prices, but the March hit will be bigger.
  • Core PPI inflation likely peaked in February; it looks set to fall sharply from the spring onwards.
  • Base effects will hugely depress year-over-year chainstore sales growth over the next few months.

chainstore sales core PPI core rate cpi employment energy energy prices food prices gasoline healthcare healthcare costs income growth January March May oil personal income policy ppi PPI inflation profit margins q4 redbook retail sales russia sales growth sales numbers summer vehicles wages

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Keywords for: Energy is Driving Headline PPI, but the Core Rate will Soon Fall Rapidly

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