Posts Tagged ‘producer price index’
Stock Market, Feb. 17: What’s on Tap
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Thursday, 17 February 2011 02:18
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NEW YORK (TheStreet — The word for the day is inflation.

The Consumer Price Index is slated for release at 8:30 a.m. EST. Raise your hand if you think it will be high. Earlier this week, import prices rose. Then came the producer price index that showed rising inflation pressures. As much as the Federal Reserve would like to say this is just a food and gas story, it isn’t.

The PPI points to more food price increases down the road and the soaring raw materials costs signal higher core finished goods prices ahead. The Fed is hoping/praying/gambling that these increases won’t bleed over into the CPI. If the market starts to see acceleration in CPI, the bulls could get spooked.

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Core PPI climbs to Two-Year High
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Wednesday, 16 February 2011 14:05
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NEW YORK (TheStreet) — Prices at the wholesale level climbed to the highest level in two years, led by rising prices of food, energy and other commodities.

According to the Bureau of Labor Statistics, the Producer Price Index or PPI rose 0.8% in January after rising by a revised 0.9% and 0.7% in December and November. That was higher than the 0.7% economists were expecting.

Excluding food and energy, core PPI rose 0.5%, significantly higher than the 0.2% economists were expecting, suggesting that higher prices of commodities such as crude oil might be spilling over to other products. Till now, the rise in prices of goods excluding food and energy has been subdued.

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Stock Market, Feb. 16: What’s on Tap
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Wednesday, 16 February 2011 02:24
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NEW YORK (TheStreet — It’s all about prices this week.

The market gets the latest read on the producer price index at 8:30 a.m. EST. Apparently the Federal Reserve is the only entity left in the country that doesn’t believe prices are going up. Maybe they aren’t looking at the reports from the Bureau of Labor Statistics? How about this line from Tuesday’s January Import Prices in which it was stated, “Import prices increased 5.3 percent over the past year, the largest 12-month advance for the index since an 8.5 percent rise between May 2009 and May 2010.”

The note goes on to say all import prices rose except fuel. January retail sales were disappointing. Anyone see a connection here? Thought so.

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