Sunday, 24 June 2018
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
U.S. Wholesale Prices Unexpectedly Show First Drop Since 2016
Thursday, 11 January 2018 20:56 WIB | UNITED STATES |Ekonomi ASPPI

U.S. wholesale prices fell in December for the first time in more than a year on declining costs for services, a potential sign that inflation pressures are easing in the economy.

Producer-price index fell 0.1% m/m (est. 0.2% rise) after 0.4% gain the previous month; first decline since Aug. 2016.

PPI rose 2.6% from a year earlier (est. 3%) after 3.1% gain in prior 12-month period.

Excluding food and energy, core gauge fell 0.1% m/m (est. 0.2% rise); rose 2.3% y/y.

Most of the monthly drop in the PPI reflected a 0.2 percent decline in the cost of services, while goods prices were unchanged. A drop in the index for automotive fuel retailing was a major driver, along with falls in costs for loan services, airline passenger services and apparel retailing.

The PPI excluding food, energy, and trade services, a measure some economists prefer because it strips out the most volatile components, rose 2.3 percent from December 2016 following a 2.4 percent gain.

With inflation still below the Federal Reserve™s target, the PPI report is likely to put additional focus on Labor Department figures due Friday for consumer prices. That will give a better indication of where inflation is headed and how it will factor into the central bank™s deliberations over how fast to raise interest rates in 2018.

Excluding the volatile categories of food, energy, and trade services,producer costs rose 0.1 percent from the previous month following a 0.4 percent increase.

Energy prices unchanged from the prior month; food costs fell 0.7 percent.

Retail margins for automotive fuels and lubricants fell 10.7 percent; airline passenger services were down 4.3 percent, the most since February 2009.

Source: Bloomberg

RELATED NEWS
Jobless claims drop fourth week in a row to 218,000...
Thursday, 21 June 2018 19:48 WIB

Jumlah orang Amerika yang kehilangan pekerjaan mereka jatuh untuk minggu keempat berturut-turut pada pertengahan Juni, mempertahankan tingkat PHK di dekat level yang terakhir terlihat pada awal tahun ...

Existing-home sales sink as tight supply smothers market...
Wednesday, 20 June 2018 21:28 WIB

Penjualan rumah yang sudah ada berada pada tingkat tahunan yang disesuaikan sebesar 5,43 juta secara musiman di bulan Mei, turun 0,4% dari April, National Association of Realtors mengatakan Rabu. Pen...

Housing starts roar to an 11-year high in May...
Tuesday, 19 June 2018 20:00 WIB

Housing starts AS melonjak pada tingkat tahunan yang disesuaikan secara musiman sebesar 1,35 juta per tahun pada bulan Mei, Departemen Perdagangan mengatakan Selasa. Izin pembangunan berada pada tingk...

Manufacturing picks up steam in May, ISM survey says...
Friday, 1 June 2018 21:14 WIB

Institute for Supply Management mengatakan hari Jumat bahwa indeks manufaktur naik ke pembacaan 58,7%, naik 1,4 poin persentase dari April dan tingkat tertinggi dua bulan. Ekonom yang disurvei oleh M...

U.S. gains 223,000 jobs in May; unemployment falls to 3.8%...
Friday, 1 June 2018 19:49 WIB

AS menciptakan 223.000 pekerjaan baru pada bulan Mei, kenaikan kuat lainnya yang menurunkan tingkat pengangguran ke level terendah 18 tahun di 3,8%. Ekonom yang disurvei oleh MarketWatch mengharapkan...

POPULAR NEWS
Gold settles at fresh 2018 low as dollar index taps 11-month high

Gold prices marked a third straight session...

Oil Trades Near $66 as OPEC Moves Closer to Output Boost Deal

Oil traded near $66 as OPEC and its allies...

Gold Prices Edge Up After Flash PMI Data Disappoints

The gold market saw a small uptick after the...

LATEST NEWS
HK stocks post biggest weekly loss in 3 months amid trade war fears (Review)

Hong Kong™s benchmark stock index ended slightly higher on Friday, but posted its biggest weekly loss in three months amid escalating trade tensions between Beijing and Washington. The Hang Seng index rose 0.2 percent to 29,338.70, while the...

Dow Halts Skid at 8 Straight Sessions, But Stock Market Ends The Week Lower Amid Trade Jitters

The Dow Jones Industrial Average on Friday closed higher, ending an eight-session slide that drove the broader market to weekly loss, amid rising global trade tensions. The Dow closed up about 120 points, or 0.5%, at 24,581, avoiding a nine-day...

Oil Ends Week With a Rally After OPEC Agrees to Smaller-Than-Expected Production Boost

Oil prices rallied Friday, with U.S. prices jumping nearly 6% for the week, as OPEC members agreed to raise output, but by an amount that appears to be less than traders had anticipated. August West Texas Intermediate crude on the New York...