{"id":59887,"date":"2021-10-14T08:44:45","date_gmt":"2021-10-14T13:44:45","guid":{"rendered":"https:\/\/olduvai.ca\/?p=59887"},"modified":"2021-10-14T08:44:45","modified_gmt":"2021-10-14T13:44:45","slug":"producer-price-inflation-hits-new-record-high-pricing-pressures-near-70s-peak","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=59887","title":{"rendered":"Producer Price Inflation Hits New Record High, Pricing Pressures Near &#8217;70s Peak"},"content":{"rendered":"<header class=\"ArticleFull_header__11o5_\">\n<h3 class=\"ArticleFull_title__2cUI6\"><a href=\"https:\/\/www.zerohedge.com\/economics\/producer-price-inflation-hits-new-record-high-pricing-pressures-near-70s-peak\">Producer Price Inflation Hits New Record High, Pricing Pressures Near &#8217;70s Peak<\/a><\/h3>\n<\/header>\n<div class=\"NodeContent_mainContent__38L44\">\n<div class=\"NodeContent_body__2clki NodeBody_container__1M6aJ\">\n<p>After CPI&#8217;s &#8220;transitory&#8221;-narrative-busting rebound, analysts expected Producer Prices to accelerate even further into record territory and it did &#8211; jumping 0.5% MoM to a new record 8.6% YoY. Bothe prints were modestly below the expected levels (+0.6% MoM and +8.7% YoY respectively)&#8230;<\/p>\n<p><a href=\"https:\/\/www.zerohedge.com\/s3\/files\/inline-images\/bfm5339_1.jpg?itok=gqqkTaiA\" data-image-external-href=\"\" data-image-href=\"\/s3\/files\/inline-images\/bfm5339_1.jpg?itok=gqqkTaiA\" data-link-option=\"0\"><picture><img loading=\"lazy\" decoding=\"async\" class=\"inline-images image-style-inline-images\" src=\"https:\/\/assets.zerohedge.com\/s3fs-public\/styles\/inline_image_mobile\/public\/inline-images\/bfm5339_1.jpg?itok=gqqkTaiA\" alt=\"\" width=\"500\" height=\"301\" data-entity-type=\"file\" data-entity-uuid=\"30272181-5178-4df8-8f62-0bc1c74dd943\" data-responsive-image-style=\"inline_images\" \/><\/picture><\/a><\/p>\n<p><em>Source: Bloomberg<\/em><\/p>\n<div class=\"Advert_desktop__1J5vD Advert_tablet__3QEBr Advert_mobile__1rlLc Advert_placement__1I4yb Advert_align__N0_fw\">\n<aside id=\"in-content-video\" class=\"Advert_verticallySpaced__wnPy3\" data-google-query-id=\"COT2hoj8yfMCFQ_Lhwod8MQFEw\">\n<div id=\"google_ads_iframe_\/21841313772,21778456762\/zerohedge\/in_content_video_0__container__\">Core PPI also rose but less than expected. However, on a year over year basis, it was still a series high&#8230;<\/div>\n<\/aside>\n<\/div>\n<p><a href=\"https:\/\/www.zerohedge.com\/s3\/files\/inline-images\/bfm5F27.jpg?itok=GKreN9Hh\" data-image-external-href=\"\" data-image-href=\"\/s3\/files\/inline-images\/bfm5F27.jpg?itok=GKreN9Hh\" data-link-option=\"0\"><picture><img loading=\"lazy\" decoding=\"async\" class=\"inline-images image-style-inline-images\" src=\"https:\/\/assets.zerohedge.com\/s3fs-public\/styles\/inline_image_mobile\/public\/inline-images\/bfm5F27.jpg?itok=GKreN9Hh\" alt=\"\" width=\"500\" height=\"300\" data-entity-type=\"file\" data-entity-uuid=\"cffd7fb4-e98f-475e-80ce-c9c08cb95d49\" data-responsive-image-style=\"inline_images\" \/><\/picture><\/a><\/p>\n<p><em>Source: Bloomberg<\/em><\/p>\n<p>Goods PPI dominated the surge in prices (40 percent of the broad-based advance can be attributed to a 2.8-percent jump in prices for final demand energy) while Services PPI rose only modestly (helped by a contraction in prices for transportation and storage)&#8230;<\/p>\n<p><a href=\"https:\/\/www.zerohedge.com\/s3\/files\/inline-images\/2021-10-14.png?itok=edZ89tKB\" data-image-external-href=\"\" data-image-href=\"\/s3\/files\/inline-images\/2021-10-14.png?itok=edZ89tKB\" data-link-option=\"0\"><picture><img loading=\"lazy\" decoding=\"async\" class=\"inline-images image-style-inline-images\" src=\"https:\/\/assets.zerohedge.com\/s3fs-public\/styles\/inline_image_mobile\/public\/inline-images\/2021-10-14.png?itok=edZ89tKB\" alt=\"\" width=\"500\" height=\"336\" data-entity-type=\"file\" data-entity-uuid=\"91a83454-191f-45c1-9c14-bec54dce310f\" data-responsive-image-style=\"inline_images\" \/><\/picture><\/a><\/p>\n<p>More worrying is the pipeline for PPI is still signaling far more pain ahead&#8230;<\/p>\n<p><a href=\"https:\/\/www.zerohedge.com\/s3\/files\/inline-images\/2021-10-14%20%281%29.png?itok=v00ixJLO\" data-image-external-href=\"\" data-image-href=\"\/s3\/files\/inline-images\/2021-10-14%20%281%29.png?itok=v00ixJLO\" data-link-option=\"0\"><picture><img loading=\"lazy\" decoding=\"async\" class=\"inline-images image-style-inline-images\" src=\"https:\/\/assets.zerohedge.com\/s3fs-public\/styles\/inline_image_mobile\/public\/inline-images\/2021-10-14%20%281%29.png?itok=v00ixJLO\" alt=\"\" width=\"500\" height=\"274\" data-entity-type=\"file\" data-entity-uuid=\"0cbc80b9-1452-44d7-8e8f-8dd08c1d9092\" data-responsive-image-style=\"inline_images\" \/><\/picture><\/a><\/p>\n<p>PPI Final Demand has a ways to go: \u00a0<strong>Intermediate pricing pressures are nearing 1970s peaks<\/strong><\/p>\n<p>And finally, companies are under the most pressure to pass these price increases on to customers as the CPI-PPI inflation gap reaches a new record&#8230;<\/p>\n<p><a href=\"https:\/\/www.zerohedge.com\/s3\/files\/inline-images\/bfm2D04.jpg?itok=v-3ZGBE1\" data-image-external-href=\"\" data-image-href=\"\/s3\/files\/inline-images\/bfm2D04.jpg?itok=v-3ZGBE1\" data-link-option=\"0\"><picture><img loading=\"lazy\" decoding=\"async\" class=\"inline-images image-style-inline-images\" src=\"https:\/\/assets.zerohedge.com\/s3fs-public\/styles\/inline_image_mobile\/public\/inline-images\/bfm2D04.jpg?itok=v-3ZGBE1\" alt=\"\" width=\"500\" height=\"302\" data-entity-type=\"file\" data-entity-uuid=\"a9914df9-dccb-437c-99b2-6bfb5556aeed\" data-responsive-image-style=\"inline_images\" \/><\/picture><\/a><\/p>\n<p>Is The Fed already too late with its taper?<\/p>\n<\/div>\n<p>\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Producer Price Inflation Hits New Record High, Pricing Pressures Near &#8217;70s Peak After CPI&#8217;s &#8220;transitory&#8221;-narrative-busting rebound, analysts expected Producer Prices to accelerate even further into record territory and it did &#8211; jumping 0.5% MoM to a new record 8.6% YoY. Bothe prints were modestly below the expected levels (+0.6% MoM and +8.7% YoY respectively)&#8230; Source: [&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":[426,31965,4318],"class_list":["post-59887","post","type-post","status-publish","format-standard","hentry","category-economics","tag-inflation","tag-producer-price-inflation","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/59887","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=59887"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/59887\/revisions"}],"predecessor-version":[{"id":59888,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/59887\/revisions\/59888"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=59887"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=59887"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=59887"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}