US PPI data for May 2021

US PPI year on year
  • Prior report
  • PPI final demand 0.8% vs 0.5% est
  • Ex food and energy 0.7% vs 0.5% est
  • Ex food and energy and trade 0.75 vs 0.5% est
  • Final Demand YoY 6.6% vs 6.2% est
  • Ex food and energy YoY 4.8% vs 4.8% est
  • Ex food and energy and Trade 5.3% vs 5.1% est

The PPI data continues to show pipeline inflation which always has a potential of making its way into the consumer prices. The Federal Reserve has been telling the story that inflation is transitory as the reopening imbalances and year on year effects skew the data in the short term. Nevertheless the 6.6% gain for the and the numbers for the "ex numbers" at 4.8%, and 5.3% are getting up there.