{"id":53610,"date":"2020-06-11T09:09:56","date_gmt":"2020-06-11T14:09:56","guid":{"rendered":"https:\/\/olduvai.ca\/?p=53610"},"modified":"2020-06-11T09:10:01","modified_gmt":"2020-06-11T14:10:01","slug":"soaring-food-energy-costs-spark-rebound-in-producer-prices","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=53610","title":{"rendered":"Soaring Food &#038; Energy Costs Spark Rebound In Producer Prices"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.zerohedge.com\/economics\/soaring-food-energy-costs-spark-rebound-producer-prices\">Soaring Food &amp; Energy Costs Spark Rebound In Producer Prices<\/a><\/h3>\n\n\n\n<p>Producer Prices rebounded MoM in May with headline Final Demand PPI rising 0.4% (against +0.1% exp) but it left&nbsp;<strong>PPI YoY still down 0.8%&#8230;<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/inline-images\/bfm5078.jpg\" alt=\"\"\/><figcaption><em>Source: Bloomberg<\/em><\/figcaption><\/figure>\n\n\n\n<p>Some serious dispersion in the various sector&#8217;s price swings&#8230;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/inline-images\/2020-06-11.png\" alt=\"\"\/><\/figure>\n\n\n\n<p>This rebound was driven by a record surge in food prices&#8230;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/inline-images\/bfmDC4E.jpg\" alt=\"\"\/><figcaption><em>Source: Bloomberg<\/em><\/figcaption><\/figure>\n\n\n\n<p><strong>Two-thirds of the May increase in the index for final demand goods is attributable to a 40.4-percent jump in meat prices.<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/inline-images\/2020-06-11%20%281%29.png\" alt=\"\"\/><figcaption><em>Source: Bloomberg<\/em><\/figcaption><\/figure>\n\n\n\n<p>The indexes for gasoline, processed young chickens, light motor trucks, liquefied petroleum gas, and carbon steel scrap also moved higher.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/inline-images\/bfm8EFC_0.jpg\" alt=\"\"\/><figcaption><em>Source: Bloomberg<\/em><\/figcaption><\/figure>\n\n\n\n<p><strong>Conversely, prices for chicken eggs fell 41.2 percent.&nbsp;<\/strong>The indexes for diesel fuel and for plastic resins and materials also decreased.<\/p>\n\n\n\n<p>What will Jay Powell do now that average joe&#8217;s cost of living is soaring?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Soaring Food &amp; Energy Costs Spark Rebound In Producer Prices Producer Prices rebounded MoM in May with headline Final Demand PPI rising 0.4% (against +0.1% exp) but it left&nbsp;PPI YoY still down 0.8%&#8230; Some serious dispersion in the various sector&#8217;s price swings&#8230; This rebound was driven by a record surge in food prices&#8230; Two-thirds of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[172,5646,426,13351,29868],"class_list":["post-53610","post","type-post","status-publish","format-standard","hentry","category-economics","tag-cpi","tag-energy-costs","tag-inflation","tag-price-inflation","tag-production-prices"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/53610","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=53610"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/53610\/revisions"}],"predecessor-version":[{"id":53611,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/53610\/revisions\/53611"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=53610"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=53610"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=53610"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}