Prior +0.1%PPI -1.7% vs -1.9% y\/y expectedPrior -0.5%<\/p>\n
It’s a beat on estimates but this is very much a lagging data point at best. The consumer price index (CPI) precedes this and outweighs this on inflation trends, so just take this as a supportive or secondary data. If excluding energy, producer prices were only up 0.1% on the month in November last year.<\/p>\n
The breakdown shows that prices for:<\/p>\n
Intermediate goods +0.3%Energy +1.8%Capital goods +0.1%Durable consumer goods +0.3%Non-durable consumer goods -0.2%<\/p>\n
And when compared to the same month a year ago, producer prices were seen down 1.7%. However, much of that owes to a steep decline in energy prices (-7.4%). All other categories show an increase compared to the corresponding month one year ago, with total producer prices actually up 1.0% once you strip out energy.<\/p>\n","protected":false},"excerpt":{"rendered":"Prior +0.1%PPI -1.7% vs -1.9% y\/y expectedPrior -0.5% It’s a beat on estimates but this is very much…\n","protected":false},"author":2,"featured_media":56666,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,219,111,139,69],"class_list":["post-223608","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/223608","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=223608"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/223608\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/56666"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=223608"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=223608"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=223608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}