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A producer price index (PPI) is a price index that measures the average changes in prices received by domestic producers for their output. Formerly known as the wholesale price index between 1902 and 1978, the index is made up of over 16,000 establishments providing approximately 64,000 price quotations that the U.S. Bureau of Labor Statistics (BLS) compiles each month to represent thousands ...
Wholesale prices rose more than expected in November, adding to a string of sticky inflation prints.. Thursday's report from the Bureau of Labor Statistics showed that its producer price index ...
Wholesale goods prices surged 0.7%, accounting for nearly 60% of the broad-based monthly rise in the PPI, after edging up 0.1% in October. Food prices soared 3.1%, making up 80% of the increase in ...
The data came in higher than consensus estimates of 0.2%. On an annual basis, wholesale inflation came in at 3%. Core PPI, which excludes food and energy prices, rose in line with economists ...
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Chris Zaccarelli, chief investment officer at Independent Advisor Alliance, backed up that idea, arguing the “most important data release is tomorrow’s CPI print.” “Today’s PPI is a bad ...
A number of different formulae, more than a hundred, have been proposed as means of calculating price indexes.While price index formulae all use price and possibly quantity data, they aggregate these in different ways.