- US DATA: Nov PPI +0.8% above expectations of +0.7%, core +0.3% (+0.28785% unrounded) for +3.5% YOY overall and +1.2% YOY core.
Market news
14 December 2010
US DATA: Nov PPI +0.8% above expectations of +0.7%, core +0.3% (+0.28785% unrounded) for +3.5% YOY overall and +1.2% YOY core.
Driving rise in overall index was finished energy goods prices (+2.1%); within that gasoline prices +4.7%. Finished consumer foods also up 1.0%. Rise in PPI core fueled by cars (+1.7%); BLS analyst says car prices boosted by 'reasonable' inventories, rising demand. Intermediate goods +1.1%, -0.7% excluding foods and energy. Crude goods price index +0.6%.
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