Row 6985

Row ID: 6985 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 6985 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

[https://www.cnbc.com/2024/05/14/ppi-report-wholesale-prices-rose-0point5percent-in-april-more-than-expected.html](https://www.cnbc.com/2024/05/14/ppi-report-wholesale-prices-rose-0point5percent-in-april-more-than-expected.html)

* The producer price index, a measure of what producers receive for the goods they produce, increased 0.5% in April and was up 2.2% on a 12-month basis, the biggest gain in a year. * The core PPI also rose 0.5% compared with the 0.2% Dow Jones estimate. * Services prices boosted the wholesale inflation reading, climbing 0.6% and accounting for about three-quarters of the headline gain.

Wholesale prices jumped more than expected in April, putting up another potential roadblock to interest rate cuts anytime soon.

**Why this matters:** When wholesale prices go up, normally also future consumer inflation (CPI) goes up, since most companies pass on their cost to consumers.

I would be careful to believe the spin of certain media that inflation is going down as this clearly shows the opposite.

FieldValue
text [https://www.cnbc.com/2024/05/14/ppi-report-wholesale-prices-rose-0point5percent-in-april-more-than-expected.html](https://www.cnbc.com/2024/05/14/ppi-report-wholesale-prices-rose-0point5percent-in-april-more-than-expected.html) * The producer price index, a measure of what producers receive for the goods they produce, increased 0.5% in April and was up 2.2% on a 12-month basis, the biggest gain in a year. * The core PPI also rose 0.5% compared with the 0.2% Dow Jones estimate. * Services price…
label r/investing
dataType post
communityName r/investing
datetime 2024-05-14
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Raw Record

{
  "text": "[https://www.cnbc.com/2024/05/14/ppi-report-wholesale-prices-rose-0point5percent-in-april-more-than-expected.html](https://www.cnbc.com/2024/05/14/ppi-report-wholesale-prices-rose-0point5percent-in-april-more-than-expected.html)\n\n* The producer price index, a measure of what producers receive for the goods they produce, increased 0.5% in April and was up 2.2% on a 12-month basis, the biggest gain in a year.\n* The core PPI also rose 0.5% compared with the 0.2% Dow Jones estimate.\n* Services prices boosted the wholesale inflation reading, climbing 0.6% and accounting for about three-quarters of the headline gain.\n\nWholesale prices jumped more than expected in April, putting up another potential roadblock to interest rate cuts anytime soon.\n\n**Why this matters:** When wholesale prices go up, normally also future consumer inflation (CPI) goes up, since most companies pass on their cost to consumers.\n\nI would be careful to believe the spin of certain media that inflation is going down as this clearly shows the opposite.",
  "label": "r/investing",
  "dataType": "post",
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  "datetime": "2024-05-14",
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