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| Economy |
| PPI for July - Big Increase w some oddities |
| 2025-08-15 |
| bottom line 0.9% monthly increase oddities: a lot of this was because of big increases in margins also a major increase in diesel fuel (post refinement) status of interest rates: odds still favor a cut in the federal funds rate in Sept The Producer Price Index for final demand rose 0.9 percent in July, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices were unchanged in June and moved up 0.4 percent in May. (See table A.) On an unadjusted basis, the index for final demand advanced 3.3 percent for the 12 months ended in July, the largest 12-month increase since rising 3.4 percent in February 2025. Within final demand, more than three-quarters of the broad-based advance in July can be traced to the index for final demand services, which rose 1.1 percent. Prices for final demand goods increased 0.7 percent. The index for final demand less foods, energy, and trade services moved up 0.6 percent in July, the largest increase since rising 0.9 percent in March 2022. For the 12 months ended in July, prices for final demand less foods, energy, and trade services advanced 2.8 percent. FINAL DEMAND Final demand services: The index for final demand services moved up 1.1 percent in July, the largest advance since rising 1.3 percent in March 2022. Over half of the broad-based July increase is attributable to margins for final demand trade services, which jumped 2.0 percent. (Trade indexes measure changes in margins received by wholesalers and retailers.) Prices for final demand services less trade, transportation, and warehousing and for final demand transportation and warehousing services advanced 0.7 percent and 1.0 percent, respectively. Product detail: Thirty percent of the July rise in prices for final demand services can be traced to margins for machinery and equipment wholesaling, which jumped 3.8 percent. The indexes for portfolio management; securities brokerage, dealing, investment advice, and related services; traveler accommodation services; automobiles retailing (partial); and truck transportation of freight also advanced. In contrast, prices for hospital outpatient care fell 0.5 percent. The indexes for furniture retailing and for pipeline transportation of energy products also declined. Final demand goods: Prices for final demand goods moved up 0.7 percent in July, the largest advance since rising 0.7 percent in January. Forty percent of the broad-based increase in July can be attributed to the index for final demand foods, which jumped 1.4 percent. Prices for final demand goods less foods and energy and for final demand energy moved up 0.4 percent and 0.9 percent, respectively. Product detail: A quarter of the July advance in the index for final demand goods can be traced to prices for fresh and dry vegetables, which jumped 38.9 percent. The indexes for meats, diesel fuel, jet fuel, nonferrous scrap, and eggs for fresh use also rose. Conversely, prices for gasoline decreased 1.8 percent. The indexes for canned, cooked, smoked, or prepared poultry and for plastic resins and materials also declined. Related: Producer Price Index: 2023-02-17 Not so good economic news: PPI ticks up instead of down - Producer Price Index: 2022-10-14 CTH Delivers Stunning Proof Of Previous Forecasts On Coming Food Costs Producer Price Index: 2022-10-12 Bidenflation Strikes Again as Devastating PPI Numbers Emerge for September |
| Posted by:Lord Garth |
| #4 Don't forget the old truism about lies, damn lies and statistics. |
| Posted by: alanc 2025-08-15 09:59 |
| #3 #2 Nothing. (a) Mizohata–Takeuchi conjecture is irrelevant to non-linear ODE (the medium of economic models). (b) The worth of a mathematical model of real world phenomena is measured by its ability to successfully predict real world events. What's the success score for economists? |
| Posted by: Grom the Affective 2025-08-15 07:21 |
| #2 Breitbart Business Digest: What a New Math Breakthrough Means for Economics |
| Posted by: Skidmark 2025-08-15 06:13 |
| #1 BLS? Can their 'output' be believed? I am skeptical. |
| Posted by: Whiskey Mike 2025-08-15 05:51 |