PPI

The November 2024 Producer Price Index data continue to show normalizing input cost growth for the economy as a whole, as well as most individual sectors.

Overall input cost inflation has been accelerating again in recent months, driven almost entirely by increases on the Services side.

PPI for All Commodities fell by 1.2% month over month in the September data, for a 2.5% year over year fall.

The Producer Price Index data for August arrived roughly as expected, with continued softening in commodities prices and a rise in input costs for services.

Overall, the July PPI report shows an increasingly stable and muted inflation picture.