Surging prices: Key measure of inflation posts biggest 12-month jump on record

CNN2021-07-15

New York (CNN Business)US wholesale prices posted the biggest 12-month increase on record. That's the bad news. But the US economy offered some rare good news on inflation Wednesday, too: Costs didn't...

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Comments

Ichua
2021-07-15
Ichua
Jialat
Desmond669
2021-07-15
Desmond669
Hood
- Ichua:
  Huat
Huat1333
2021-07-15
Huat1333
Indexs higher low higher high , general stocks lower high lower low .....will low volumes ....means waiting for next big moves [白眼] [傲嬌] [白眼] [可愛] ?
- Desmond669:
  Haiz
- Huat1333:
  many stocks down 20% or more....
jamieee
2021-07-15
jamieee
Like and comment please (:
- WKB:
  Ok. no problem
szueyann
2021-07-15
szueyann
Please like and comment. Thanks
- jamieee:
  Doned (:
- MugenQiang:
  ok
- szueyann:
  thanks
w8w8
2021-07-15
w8w8
Steamed
- yingyingzoe:
  Indeed

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But the US economy offered some rare good news on inflation Wednesday, too: Costs didn't...</p>\n\n<a href=\"https://edition.cnn.com/2021/07/14/economy/june-wholesale-price-inflation-ppi/index.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SPY","symbol_name":"标普500ETF","start_time":0,"source_url":"https://edition.cnn.com/2021/07/14/economy/june-wholesale-price-inflation-ppi/index.html","article_id":"1108645321","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1108645321","pubTimestamp":1626312202,"sourceInfo":null,"weMediaInfo":null,"summary":"New York (CNN Business)US wholesale prices posted the biggest 12-month increase on record.\nThat's th","collect":0,"end_time":0,"defaultTopTitle":"cnn.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SPY":"标普500ETF",".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"translate_title":"价格飙升：衡量通胀的关键指标出现有记录以来的12个月最大涨幅","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9,"SPY":0.9},"content_text":"New York (CNN Business)US wholesale prices posted the biggest 12-month increase on record.\nThat's the bad news. But the US economy offered some rare good news on inflation Wednesday, too: Costs didn't rise as much in June as they did in May, raising hopes that prices could be leveling off or even retreating in some cases.\nThe producer price index measures prices paid by businesses, rather than consumers. Any increases typically are passed onto consumers at the retail level. Wholesale price increases have fed growing concerns about inflation as the economy tries to return to normal.\nThe Labor Department reported that PPI rose 7.3% for finished goods and services over the last 12 months, up from the 6.6% rise in that measure reported for May. As recently as December, the 12-month change in PPI was up only 0.8%.\nThe June rise was the largest since the government started tracking 12-month data in November 2010.\nThe price of finished goods rose 1.2% in June. But that was down from a 1.5% increase in May. It's also below the month-over-month rate reported in January through March.\nEconomists who believe that current price pressures are not a major problem argue that the increases will be short-lived. They say the year-over-year spike overstates the size of the problem because of the drop in prices that occurred right after the start of the pandemic.\n\"Inflation has increased notably and will likely remain elevated in coming months before moderating,\" according to prepared remarks for Federal Reserve Chairman Jerome Powell's testimony to Congress later Tuesday. \"Inflation is being temporarily boosted by base effects, as the sharp pandemic-related price declines from last spring drop out of the 12-month calculation.\"\nMany economists agree with that outlook, saying they see signs of only transitory price increases in the details of Tuesday's report.\n\"We believe this will be the peak in the pace of wholesale inflation as base effects ease, but ongoing friction between supply and demand will continue to keep prices sticky through 2021 and into 2022,\" said a note from Oxford Economics.\nBut others believe the inflation problem is serious and are calling on the Fed to take more steps to rein in prices.\n\"Inflation in the pipeline, there is no let up,\" said a note from Peter Boockvar, chief investment officer at Bleakley Advisory Group. 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?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/144705792","repostId":1108645321,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5224260,"gmtCreate":1626313137533,"gmtModify":1663230990548,"authorId":3562118563279867,"author":{"id":3562118563279867,"authorId":3562118563279867,"name":"Desmond669","avatar":"https://static.tigerbbs.com/e2484115c94d3471cb46f20ea7598b4a","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 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stocks down 20% or more....","text":"many stocks down 20% or more....","html":"many stocks down 20% or more...."}],"langContent":"CN"},{"id":144705368,"gmtCreate":1626312942954,"gmtModify":1703757634520,"author":{"id":"3581457295593751","authorId":"3581457295593751","authorIdStr":"3581457295593751","name":"jamieee","avatar":"https://static.tigerbbs.com/06b9919d4588e900e225316a0dc4f98b","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581457295593751"},"htmlText":"Like and comment please (:","listText":"Like and comment please (:","text":"Like and comment please 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