Monday, 22 January 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
CPI rises 0.1% in December mostly on higher housing costs...
Friday, 12 January 2018 20:57 WIB

Indeks harga konsumen AS menguat 0,1% di bulan Desember, dengan empat per lima dari kenaikan dikaitikan dengan biaya perumahan yang lebih tinggi. Peningkatan tersebut sesuai dengan perkiraan MarketWat...

U.S. retail sales rise 0.4% in December...
Friday, 12 January 2018 20:46 WIB

Penjualan dari peritel AS menguat 0,4% pada bulan Desember untuk membukukan kenaikan keempat secara berturut-turut. Kenaikan tersebut berada sedikit di bawah perkiraan MarketWatch sebesar 0,5%, namun...

Jobless claims hit nearly 4-month high...
Thursday, 11 January 2018 21:12 WIB

Klaim pengangguran awal AS naik 11.000 ke level tertinggi dalam hampir empat bulan di 261.000 dalam tujuh hari yang berakhir pada 6 Januari. Itu adalah level tertinggi sejak pertengahan September dan ...

Jobless claims fall 11,000 to ultra-low 225,000...
Thursday, 14 December 2017 21:14 WIB

Klaim pengangguran awal AS, alat untuk mengukur PHK, turun 11.000 menjadi 225.000 dalam tujuh hari yang berakhir pada tanggal 9 Desember. Itu berada sejengkal di atas tingkat rendah pasca resesi. Eko...

U.S. Retail Sales Jumped in November in Broad-Based Advance...
Thursday, 14 December 2017 20:52 WIB

Penjualan ritel AS naik melebihi perkiraan bulan lalu dalam tanda kenaikan yang luas seiring musim belanja liburan berlangsung, menurut data Departemen Perdagangan yang dirilis pada hari Kamis. Secar...

LATEST NEWS
Hong Kong Hang Seng Ends at New Peak, Up For Six Weeks in a Row (Review)

Hong Kong™s Hang Seng Index ended at a new high, up for the sixth week in a row, led by property shares, as mainland money gushed into the city. HSCE, an index tracking mainland companies, registered a 16-day winning streak. Chinese investors...

Apple to Build 2nd Campus, Hire 20,000 in $350B Pledge

Apple is planning to build another corporate campus and hire 20,000 workers during the next five years as part of a $350 billion commitment to the U.S. economy. The pledge announced Wednesday is an offshoot from the sweeping overhaul of the U.S....

Dollar marks fifth weekly loss in a row

The U.S. dollar pared earlier losses on Friday, but notched a fifth weekly loss, as investor concerns over a potential government shutdown. The ICE U.S. Dollar Index which measures the buck against a basket of six rivals, was last at 90.593, up...

POPULAR NEWS
Gold suffers biggest one-day decline in more than a month
Friday, 19 January 2018 03:57 WIB

Gold prices finished lower on Thursday, suffering from their largest one-day decline in more than a month. Traders grew wary after the precious...

Oil Rally Reverses Under Technical Pressure as U.S. Output Gains
Friday, 19 January 2018 12:30 WIB

Futures tumbled as much as 1.7 percent in New York and are poised for the first weekly decline since mid-December after more than a week of...

Gold Heads for Weekly Decline as Bond Yields Surge
Friday, 19 January 2018 09:31 WIB

Gold heads for first weekly drop since early December as benchmark bond yields climb, countering concerns over possibility of U.S. government...

Gold Heads for Weekly Decline as Bond Yields Advance
Friday, 19 January 2018 12:40 WIB

Gold heads for first weekly drop since early December as benchmark bond yields climb, countering concerns over possibility of U.S. government...