China continues to export a lot of deflation to the rest of the world, including the U.S., causing producer price inflation to remain much colder than they were 2 years ago. Core PPI inflation came in at a meager +1.2% YoY in May, and although the highest since February 2015, remains well off the 2% waterline.
Despite much higher oil and energy prices, PPI inflation remains muted as producers seem to be much better at hedging for higher crude prices than consumers are. The gasoline component of the PPI posted its largest 3-month increase since 2009, as a result of the ballistic rally in spot prices, almost doubling from their February lows.
#Forex #Stocks #Trading #Investing #Money #Economy #China #Oil #Inflation
Despite much higher oil and energy prices, PPI inflation remains muted as producers seem to be much better at hedging for higher crude prices than consumers are. The gasoline component of the PPI posted its largest 3-month increase since 2009, as a result of the ballistic rally in spot prices, almost doubling from their February lows.
#Forex #Stocks #Trading #Investing #Money #Economy #China #Oil #Inflation