India has launched its first Producer Price Index (PPI) data for goods and services, aiming to provide a clearer producer-centric view of price changes. The government plans to phase out the Wholesale Price Index (WPI) within five years, aligning with international practices and IMF recommendations.
India has released its first Producer Price Index (PPI) data for goods and services, aiming to gradually replace the Wholesale Price Index (WPI) over five years. This aligns with IMF recommendations and advanced economy practices, offering a producer-centric view of inflation.
Bitcoin's price fell as the latest Producer Price Index (PPI) report showed a 1.1% monthly increase in May, reaching a 6.5% annual rate, exceeding economist expectations. The surge, driven by energy prices, particularly gasoline, raises concerns about persistent inflation and impacts liquidity expectations, negatively affecting Bitcoin's near-term price despite its long-term inflation hedge narrative.
US wholesale prices rose 1.1% in May, exceeding expectations and reaching a 6.5% annual rate, driven by a significant surge in energy prices. Core inflation also accelerated, signaling persistent pipeline inflationary pressures.
The US Producer Price Index (PPI) surged 6.5% year-on-year in May, the highest rate in three and a half years since November 2022. The monthly increase of 1.1% also significantly surpassed expert forecasts, indicating inflationary pressures.
US wholesale prices rose 1.1% in May, exceeding expectations and reaching a 6.5% annual rate, driven by a significant surge in energy prices. Core PPI also accelerated, signaling persistent inflationary pressures.
India introduces its first Producer Price Index (PPI) to track prices received by producers of goods and services. This new measure aims to provide a more comprehensive view of inflation and aid policymakers in managing price pressures, aligning India with major global economies.
US Treasury yields increased on Wednesday following a higher-than-expected 1.4% rise in the April producer price index, complicating the Federal Reserve's inflation management efforts.
US wholesale prices (PPI) rose 1.4% in April, exceeding forecasts, with a 6% annual increase driven by energy costs, notably a 15.6% surge in gasoline prices, amid the Iran war and tariff impacts.
China may finally have a chance to loosen the grip of deflation. Yet, the more important question is whether it can do so without making households feel poorer first. The latest producer price index (PPI), which measures the prices factories charge, brings that possibility back into serious debate. China’s March PPI rose by 0.5 per cent year on year, ending 41 months of decline; it was up 1 per cent from February. After years of weak prices, cautious household spending and squeezed corporate...
