The Producer Price Index is an hors d'oeuvre served the day before the latest CPI print is released. It measures inflation in the inputs to the production of goods. In December the PPI came in at 2.7%:
Over the past two years the PPI has averaged 2.21%, almost exactly the same as Trump's pre-pandemic average of 2.26%.
And the stock markets have been bouncing around....
The PPI is lower than expected, though perhaps higher than desired. The guessing game is how the Fed will respond...
Noting that this is the month-over-month change, annualized. Year-over-year, the change was 3.3%, from the BLS site. Both the monthly and annual changes were a little smaller than expected, so considered good news.
Yeah, but rest assured from the media and, no doubt, the election itself that real Americans don't depend on facts. They just know that America, and their primacy in it, is in the midst of a disaster. And Trump's dislike of facts plus eleven randomly chosen incoherent Americans in the Sunday Times get it.