Likely in response to the persistent rise in commodity prices as just yesterday the CRB foodstuffs index reached a record high and the JOC index rose to a fresh record high for a 3rd straight day, Dec Import prices rose 1.1% m/o/m and are now up 4.8% y/o/y. Both were about in line with expectations. Ex all fuels, the price gains are still strong as they rose .3% m/o/m and 3.0% y/o/y led by industrial supplies. Import prices from China rose .3% for a 3rd straight month. This data point is a precursor to the PPI report tomorrow and CPI Friday. The CPI y/o/y gain in particular is expected to rise 1.3%, yes modest, but the most since May ’10.
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.