Home > Boards > US Listed > Mining/Resources > Americas Gold and Silver Corp (USAS)

#USAS: USA Producer Prices Surge Most On Record....!

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
captainscotty Member Profile
 
Followed By 305
Posts 19,191
Boards Moderated 17
Alias Born 12/15/12
160x600 placeholder
Americas Gold and Silver Announces Recall of Workers at the Cosalá Operations Business Wire - 9/14/2021 7:00:00 AM
Americas Gold and Silver Continues to Add Silver Ounces at the Galena Complex; Surpasses Target Additions for the Year Business Wire - 9/8/2021 7:00:00 AM
Americas Gold and Silver Corporation Reports Second Quarter 2021 Results and Provides Operational Update Business Wire - 8/16/2021 7:00:00 AM
Americas Gold and Silver Provides an Update to the Re-Opening of Its Wholly Owned Cosalá Operations Business Wire - 7/21/2021 4:00:00 PM
Americas Gold and Silver Corporation Provides Galena Complex Exploration Update and Corporate Update Business Wire - 7/12/2021 7:00:00 AM
Americas Gold and Silver says San Rafael mine in Mexico to reopen Seeking Alpha - 7/7/2021 7:17:18 AM
Americas Gold and Silver and the Ministers of the Mexican Government Announce Agreement to Reopen the Cosalá Operations Business Wire - 7/7/2021 7:00:00 AM
Americas Gold and Silver Announces Results of Shareholder Meeting Business Wire - 6/11/2021 7:00:00 AM
Americas Gold & Silver Corp. Reminds Shareholders to Vote & Provides Additional Information Regarding Covid Restrictions Business Wire - 6/4/2021 7:00:00 AM
Americas Gold and Silver plummets 30% after Q1 earnings miss Seeking Alpha - 5/17/2021 3:39:43 PM
Americas Gold and Silver EPS misses by $0.04, misses on revenue Seeking Alpha - 5/17/2021 8:04:40 AM
Americas Gold and Silver Corporation Reports First Quarter 2021 Results and Provides Operational Update Business Wire - 5/17/2021 7:48:00 AM
Americas Gold and Silver Corporation Announces Issuance of C$12.5 Million Secured Convertible Debenture Business Wire - 4/29/2021 7:00:00 AM
Americas Gold and Silver meets Mexican officials over labor dispute Seeking Alpha - 3/24/2021 12:57:43 PM
Americas Gold and Silver EPS misses by $0.04, misses on revenue Seeking Alpha - 3/22/2021 7:31:34 AM
Americas Gold and Silver Corporation Reports Full-Year 2020 Financial Results and Provides Operational Update Business Wire - 3/22/2021 7:00:00 AM
Americas Gold and Silver Announces Closing of C$33.9 Million Bought Deal Financing Business Wire - 1/29/2021 8:45:00 AM
UPDATE - Americas Gold and Silver Announces Upsize of Previously Announced Bought Deal Financing to C$30.0 Million GlobeNewswire Inc. - 1/15/2021 10:31:39 AM
Americas Gold and Silver Announces Upsize of Previously Announced Bought Deal Financing to C$30.0 Million GlobeNewswire Inc. - 1/15/2021 10:02:08 AM
Americas Gold and Silver Announces C$25.0 Million Bought Deal Financing GlobeNewswire Inc. - 1/14/2021 5:10:49 PM
Americas Gold and Silver Corporation Announces Commercial Production at Relief Canyon Business Wire - 1/11/2021 4:15:00 PM
Americas Gold and Silver Corporation Provides an Update on the Galena Complex and Relief Canyon Mine Business Wire - 1/6/2021 4:15:00 PM
Americas Gold and Silver Corporation Highlights Continued Strong Results From Galena Complex Drilling Business Wire - 12/18/2020 7:00:00 AM
Americas Gold and Silver Corporation Announces that its Large Radial Stacker has Returned to Service at Relief Canyon Business Wire - 12/7/2020 7:00:00 AM
Americas Gold and Silver Corporation Reports Third Quarter 2020 Results and Provides Operations Update Business Wire - 11/13/2020 7:00:00 AM
captainscotty   Friday, 05/14/21 09:12:12 AM
Re: Jerry70 post# 227
Post # of 296 
#USAS: USA Producer Prices Surge Most On Record....!


April 2021 Producer Prices exploded 6.2% YoY


https://www.zerohedge.com/economics/us-producer-prices-surge-most-record




US Producer Prices Surge Most On Record
Tyler Durden's Photo
BY TYLER DURDEN

THURSDAY, MAY 13, 2021 - 08:37 AM

After consumer prices exploded higher yesterday - and were immediately rejected by establishment types as 'transitory', despite the market's obvious disagreement - all eyes were on this morning's producer prices for signs of more pressure. Many were fearful of a repeat of last month's debacle delay (and there were rumors of a softer PPI print leaked earlier today)

The rumors were wrong as April Producer Prices exploded 6.2% YoY (well ahead of the 5.8% expected) which was clearly impacted by the base effect of last year's collapse, but even sequentially, the PPI print was shockingly hot, rising 0.6% MoM (double the +0.3% expected). Excluding food and energy, so-called core PPI advanced even more, or 0.7%.









Source: Bloomberg

That was the biggest YoY jump on record:"There is more inflation coming,” Luca Zaramella, chief financial officer at Mondelez International Inc., said on the food and beverage maker’s April 27 earnings call.“The higher inflation will require some additional pricing and some additional productivities to offset the impact.”

jumped 0.7% from the prior month and increased 4.6% from a year earlier.
Michael Hsu, chief executive officer at consumer-product maker Kimberly-Clark Corp., said in April that the maker of Scott toilet paper and Huggies diapers is “moving rapidly especially with selling price increases to offset commodity headwinds.”

Digging below the surface further, ex-food, energy, and trade, producer prices soared 4.6% YoY, the most on record also.











Source: Bloomberg

Some more details at the final demand level:

Final demand services: Prices for final demand services rose 0.6 percent in April, the fourth consecutive advance. Half of the broad-based increase in April is attributable to the index for final demand services less trade, transportation, and warehousing, which moved up 0.5 percent. Margins for final demand trade services also rose 0.5 percent, and the index for final demand transportation and warehousing services jumped 2.1 percent. (Trade indexes measure changes in margins received by wholesalers and retailers.)
Product detail: Within the index for final demand services in April, prices for portfolio management rose 1.5 percent. The indexes for airline passenger services; food retailing; fuels and lubricants retailing; physician care; and hardware, building materials, and supplies retailing also moved higher. Conversely, margins for machinery and vehicle wholesaling fell 5.6 percent. The indexes for apparel wholesaling and for securities brokerage, dealing, investment advice, and related services also declined.
Final demand goods: Prices for final demand goods climbed 0.6 percent in April, after rising 1.7 percent in March. Leading the April advance, the index for final demand goods less foods and energy increased 1.0 percent. Prices for final demand foods moved up 2.1 percent. In contrast, the index for final demand energy fell 2.4 percent.
Product detail: A major factor in the April increase in prices for final demand goods was the index for steel mill products, which jumped 18.4 percent. Prices for beef and veal, pork, residential natural gas, plastic resins and materials, and dairy products also moved higher. Conversely, the index for gasoline fell 3.4 percent. Prices for chicken eggs and for carbon steel scrap also declined.









Yesterday's data - which showed the strongest monthly gain in the overall consumer price index since 2009 - suggested companies are passing along at least some of the input-price inflation.. and today's PPI surge suggests that push through to CPI is far from over.

Not transitory.









Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist
Consent Preferences