Wednesday, October 15, 2025

Latest

US Producer Prices Soar By Fastest Pace on Record

Following last week’s eye-watering CPI print that even prompted Joe Biden to quell market fears, this week’s producer prices EXPLODED by the most on record, substantially exceeding expectations and further cementing the narrative that inflation is here to stay.

Wholesale prices skyrocketed by the sharpest pace on record in November, signalling that inflationary pressures continue to be persistent throughout the entire economy. According to the Bureau of Labour Statistics, the producer price index jumped another 0.8% last month to an annualized 9.6%, surpassing forecasts calling for a 9.2% increase. Likewise, core PPI, which excludes volatile components such as food and energy increased 0.7% month-over-month, and was up 7.7% from November 2020— also a record-breaking jump.

Both goods and services prices were up last month, with energy and transportation costs leading the increase. Final demand for goods rose 1.2% from October, while services inflation jumped 0.7% last month— substantially higher than the prior month’s increase of 0.2%. Looking under the hood, prices for iron and steel scrap rose 10.7%, while the index for energy prices jumped another 2.6% last month.

Last month’s PPI increase was the largest on records dating back to 2010, and further underscores concerns that inflation is not abating anytime soon. Costs of raw materials, transportation, and labour have been rising significantly, forcing businesses to pass on the higher costs to consumers. The acceleration in prices has also created added pressure on Federal Reserve policy makers to wind down the monthly rate of bond purchases, as well as raise interest rates ahead of previous forecasts.


Information for this briefing was found via the BLS. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

Military Seizes Power in Madagascar After President Flees

Altamira Gold Hits 395.5 Metres Of 0.4 g/t Gold At Maria Bonita

Related News

Is The True Cost of Living for American Households Significantly Higher than Official CPI Figure?

As the Federal Reserve continues to pump trillions of dollars into the pandemic-ravaged US economy...

Wednesday, September 16, 2020, 11:13:00 AM

Cost-Push Inflation is Here: P&G Set to Raise Prices in September

Tell me we have inflation without telling me we have inflation: P&G announces price increases...

Wednesday, April 21, 2021, 10:52:00 AM

Canadian Inflation Falls to 6.9% But Food Costs Continue to Skyrocket

Despite a rapid tightening of policy with more to come from the Bank of Canada,...

Wednesday, October 19, 2022, 09:09:28 AM

Federal Reserve Holds Interest Rates Near Zero, Bond Purchases at $120B… Again

Alas, another FOMC meeting has come and gone, and interest rates are still at near-zero,...

Thursday, July 29, 2021, 12:40:00 PM

General Mills: Inflation Forecasted To Hit Mid-Single Digits

Cinnamon Toast Crunch debacle aside, it appears General Mills may have a lot more to...

Sunday, April 4, 2021, 11:31:00 AM