Inflation Nation

[Pro-Life]

Core Producer Price Growth Slows In October But Food Prices Surge
by Tyler Durden - Fri, 11/13/2020 - 08:39

https://www.zerohedge.com/economics/core-producer-price-growth-slows-october-food-prices-surge

The index for final demand services rose 0.2 percent in October after advancing 0.4 percent in September.

Nearly 40 percent of the broad-based October increase can be traced to prices for final demand transportation and warehousing services, which moved up 1.1 percent. Over a quarter of the advance in the index for final demand services can be traced to prices for long-distance motor carrying, which rose 1.9 percent. The indexes for hardware, building materials, and supplies retailing; securities brokerage, dealing, and investment advice; automotive fuels and lubricants retailing; hospital inpatient care; and automobile retailing (partial) also moved higher. Conversely, margins for chemicals and allied products wholesaling fell 2.6 percent. The indexes for gaming receipts (partial) and physician care also decreased.

This is certainly not what an unhinged Fed wanted to see.