Posted on 06/12/2025 6:21:37 AM PDT by ChicagoConservative27
The prices of goods and services charged by U.S. businesses rose by less than expected in May, adding to the evidence that President Trump’s tariffs are not putting upward pressure on inflation.
The producer price index for final demand ticked up 0.1 percent last month, half of what economists had forecast. Core producer prices, a metric which excludes food and energy, also rose 0.1 percent, one-third of the 0.3 percent increase forecast by economists. If trade services, a measure of retail and wholesale margins, is also excluded, prices still rose by just 0.1 percent.
Compared with a year ago, the producer price index is up 2.6 percent and the core index is up three percent. The super-core index that excludes trade services is up 2.7 percent.
The producer price index is often mistakenly referred to as a wholesale price index. Although it includes some wholesale prices, it is not particularly focused on wholesale goods. Instead, it measures prices paid to domestic producers of goods and services. The “final demand” portion signals sales to end-users of products. These include governments, foreign buyers, households, and businesses.
(Excerpt) Read more at breitbart.com ...
I was promised shortages by now!
You need a few months before celebration. Looking back a month to the April numbers, they were revised upwards.
Don’t want to wave hands over Dem heads about how Trump appointees are corrupting the data. Revisions are not unusual.
But they do matter. This month’s oil rise will show next month.
Never a great idea to celebrate a month or two or even three of data. Takes some time to define a trend.
ZH is saying companies are eating the tariffs rather than pass them along. Maybe. I would think more likely the President’s sharp reductions after initial announcements is more the cause so far in reactions not aligning with tariff disaster projections. If you don’t have tariffs of big quantity, you aren’t going to see big effects from them.
The important data of the week was the release of monthly deficit. Year to date, deficit has expanded 14% over last year.
All these pundits owe Peter Navarro an apology.
Tariffs also help close the deficit too . Tariffs are patriot candy.
Look at you moving the goalposts! Typical.
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