Markets Get More Bad News As Pipeline Inflation Pervasive

Markets Get More Bad News As Pipeline Inflation Pervasive

US producer prices accelerated at a double-digit annual pace for the fifth consecutive month in April, data out Thursday showed. The final demand gauge rose 11% on a 12-month basis. That was hotter than expected. Consensus saw 10.7%. If you're feeling generous, you could suggest we've seen the peak. The simple figure (below) gives you some context. The core gauge rose 8.8% from April of 2021. Ex-food, energy and trade, the YoY increase was 6.9%. That too was hotter than anticipated. Economi
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