Producer costs stay tame
– by New Deal democrat
Producer costs for last demand (blue) rose 0.1% in July, whereas upstream uncooked commodity costs (pink) rose 0.7%, near their highest month-to-month will increase up to now two years:
Within the bigger pre-pandemic scheme of issues, the one month rise in commodity costs is just not a matter of concern at this level.
On a YoY foundation, last demand producer costs are up 2.2%, whereas uncooked commodity costs are up 1.5%:
Like all different costs aside from imputed shelter prices, that is nicely throughout the Fed’s goal vary. We’ll see how this pans out for shopper costs tomorrow.
“April producer prices reflect some building pressure from a strong economy with full employment,” Offended Bear by New Deal democrat
