US producer prices increase moderately in November

[lostincalifornia]

WASHINGTON, Jan 14 (Reuters) - U.S. producer prices picked up slightly in November amid a surge in the cost of gasoline, but businesses appeared to be absorbing ​some of the tariffs on imports, with trade margins compressing.

The Producer Price Index ‌for final demand rose 0.2% in November after edging up 0.1% in October, the Labor Department's Bureau of ‌Labor Statistics said on Wednesday. Economists polled by Reuters had forecast the PPI rising 0.2%.

In the 12 months through November, the PPI advanced 3.0% after increasing 2.8% in October. The reports were delayed by the 43-day shutdown of the government. Though the longest shutdown on record prevented ⁠the collection of data to ‌produce the Consumer Price Index for October, the government collected information for the PPI for that month, but with a delay.

The shutdown has made ‍the CPI data a bit noisy. The government reported on Tuesday that the CPI increased 0.3% in December, lifted by food and rents. Consumer prices rose 2.7% year-on-year in December.

https://finance.yahoo.com/news/us-producer-prices-increase-moderately-141025811.html

[dutch777]

1. Hard to know what numbers to believe. I think it was NPR that just did a shopping cost survey that showed...

...a grocery basket of like 100+ normal consumer things at Walmart was 5% more than this time last year. As always it depends on what YOU buy and where you are price sensitive but I tend to feel more like NPR has the right number for the average American's take on inflation. Of course Affordability is a hoax so who is really paying attention now that it's a non-issue.

[lostincalifornia]

2. You are right, it is also hard to know who to believe.