June wholesale prices rise less than expected in another encouraging inflation report

[progree]

2. GRAPHS (Final Edition. Previously was Dump-and-Run Preliminary Edition)

Last edited Thu Jul 13, 2023, 11:44 AM - Edit history (3)

PPI (top, red graph): June: +0.1%, 12 months: +0.2%,
Average of last 3 months: -0.7% (annualized)

Rolling 3 month average (annualized) thru June'23, last 8 readings
4.0% 1.5% 2.0% 0.3% 0.1% -1.4% -2.8% -0.7%

^--The first number is the 3 month average Sep'22 - Nov'22
The second number is the 3 month average Oct'22 - Dec'22
The third number is the 3 month average Nov'22 - Jan'23
and so on with the last number being the 3 month average Apr'23-Jun'23






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CORE (final demand less foods, energy, and trade services, bottom blue graph): June: +0.1% , 12 months: +2.6%
Average of last 3 months: +0.8% (annualized)

Rolling 3 month average (annualized) thru June'23, last 8 readings
3.4% 2.9% 4.3% 4.0% 3.9% 2.2% 1.0% 0.8%

^--The first number is the 3 month average Sep'22 - Nov'22
The second number is the 3 month average Oct'22 - Dec'22
The third number is the 3 month average Nov'22 - Jan'23
and so on with the last number being the 3 month average Apr'23-Jun'23

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Latest PPI summary http://www.bls.gov/news.release/ppi.nr0.htm
Producer prices front page: http://www.bls.gov/ppi/
Producer Price Index (PPI), seasonally adjusted http://data.bls.gov/timeseries/WPSFD4?output_view=pct_1mth

OLD CORE PPI - Producer Price Index, seasonally adjusted - Final demand goods less foods and energy -
   http://data.bls.gov/timeseries/WPSFD413?output_view=pct_1mth
CORE PPI - Producer Price Index, seasonally adjusted - Final demand less foods. energy. and trade services -
   http://data.bls.gov/timeseries/WPSFD49116?output_view=pct_1mth

I use the latter Core PPI (final demand less foods, energy, and trade services) because that's what the BLS features in its news release).

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Graphs from yesterday's CPI report:
https://www.democraticunderground.com/10143099462#post12

This is the last inflation report before the Fed's rate-setting decision on July 26.

The PCE inflation report -- the Fed's favorite -- comes out after the meeting on July 28 (why don't they coordinate? I read the Federal Reserve has 800 PhD's in Economics, not enough apparently).

Thanks BRDS for the help on annotating graphs / images. I've come up with something that's a little more awkward than it should be (In Paint having to save the annotated image and then open it up again, can't just Control C copy instead), but anyway it works. More later. Thanks again.