Producer Prices Surge At Fastest Rate Since 2011

Zero Hedge -

Zero Hedge—After yesterday's surge to 7 year highs in consumer price inflation had zero impact on bonds or stocks, a very different regime than just a few months ago, one wonders what today's producer price inflation print will do. After slowing in April to +2.6% YoY, PPI surged in May by 3.1% YoY - the biggest price rise since Dec 2011... Energy prices dominated the increase - rising 4.6% YoY. Final demand goods details: Half of the advance in the index for final demand goods is attributable to...

Consumer Prices Surge At Fastest Pace Since 2011, Real Wage Growth Slumps. Last night's Singaporean show was the prelude to the rest of the week's real action - central banks - and nothing drives The Fed more than inflation anxiety as exhibited by Core CPI this morning... and it printed hot. For the 32nd consecutive month, the consensus estimate on the street was +0.2% MoM - and expectations were met - pushing the headline CPI to +2.8% YoY (as expected) - the highest since December 2011... Core CPI also rose to +2.1% YoY (as expected) - the highest since Jan...