Pubblicato in: Banche Centrali, Devoluzione socialismo, Stati Uniti

Usa. Sept21. PPI, Indice dei Prezzi di Produzione +8.6% anno su anno. Mai così alto dal 1975.

Giuseppe Sandro Mela.

2021-10-16.

2021-10-15__ Usa PPI 001

Questo è l’aumento dell’inflazione più alto dal 1975.

«On an unadjusted basis, the final demand index rose 8.6 percent for the 12 months ended in September, the largest advance since 12-month data were first calculated in November 2010»

«For the 12 months ended in September, the index for final demand less foods, energy, and trade services rose 5.9 percent.»

«In September, 40 percent of the broad-based advance can be attributed to a 2.8-percent jump in prices for final demand energy»

«Leading the advance in the index for final demand goods, prices for gasoline rose 3.9 percent»

«→→ Over two-thirds of the September increase in prices for final demand services can be traced to margins for fuels and lubricants retailing, which rose 11.6 percent ←←»

«→→ For the 12 months ended in September, prices for processed goods for intermediate demand advanced 23.9 percent, the largest 12-month increase since jumping 26.3 percent in January 1975 ←←»

«One-fifth of the September increase in the index for processed goods for intermediate demand can be attributed to a 9.8-percent rise in prices for primary basic organic chemicals»

« For the 12 months ended in September, prices for unprocessed goods for intermediate demand jumped 45.9 percent.»

«A major factor in the September increase in prices for unprocessed goods for intermediate demand was the index for natural gas, which advanced 14.4 percent»

«For the 12 months ended in September, prices for stage 3 intermediate demand advanced 20.2 percent»

«For the 12 months ended in September, the index for stage 2 intermediate demand increased 22.7 percent»

«For the 12 months ended in September, prices for stage 1intermediate demand increased 19.9 percent.»

2021-10-15__ Usa PPI 002

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Il PPI, Producer Price Index, Indice dei Prezzi di Produzione, evidenzia una crescita dell”8.6% anno su anno.

È il valore più alto dal gennaio 1975.

Gli aumenti dei costi alla produzione si riverbereranno nel tempo come aumenti dei prezzi al consumo.

L’inflazione c’è, non è transitoria, e ce la terremo assieme alla stasi della produzione industriale: in altri termini, gli Usa sono in stagflazione.

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Bureau of Labor Statistics. Producer Price Indexes – September 2021

The Producer Price Index for final demand increased 0.5 percent in September, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices moved up 0.7 percent in August and 1.0 percent in July. (See table A.) On an unadjusted basis, the final demand index rose 8.6 percent for the 12 months ended in September, the largest advance since 12-month data were first calculated in November 2010.

Nearly 80 percent of the September increase in the index for final demand can be traced to a 1.3-percent rise in prices for final demand goods. The index for final demand services moved up 0.2 percent. Prices for final demand less foods, energy, and trade services moved up 0.1 percent in September after increasing 0.3 percent in August. For the 12 months ended in September, the index for final demand less foods, energy, and trade services rose 5.9 percent.

                         Final Demand

Final demand goods: The index for final demand goods moved up 1.3 percent in September, the largest increase since a 1.5-percent rise in May. In September, 40 percent of the broad-based advance can be attributed to a 2.8-percent jump in prices for final demand energy. The indexes for final demand goods less foods and energy and for final demand foods also moved up, 0.6 percent and 2.0 percent, respectively.

Product detail: Leading the advance in the index for final demand goods, prices for gasoline rose 3.9 percent. The indexes for beef and veal, residential electric power, fresh and dry vegetables, gas fuels, and primary basic organic chemicals also moved higher. In contrast, prices for plastic resins and materials decreased 3.9 percent. The indexes for corn and for residual fuels also fell. (See table 4.)

Final demand services: Prices for final demand services moved up 0.2 percent in September, the ninth consecutive advance. Leading the increase in September, the index for final demand trade services rose 0.9 percent. (Trade indexes measure changes in margins received by wholesalers and retailers.) Prices for final demand services less trade, transportation, and warehousing advanced 0.2 percent. Conversely, the index for final demand transportation and warehousing services fell 4.0 percent.

Product detail: Over two-thirds of the September increase in prices for final demand services can be traced to margins for fuels and lubricants retailing, which rose 11.6 percent. The indexes for machinery and equipment wholesaling, hospital inpatient care, automobiles and automobile parts retailing, portfolio management, and truck transportation of freight also moved up. In contrast, prices for airline passenger services fell 16.9 percent. The indexes for health, beauty, and optical goods retailing and for bundled wired telecommunications access services also declined.

                         Intermediate Demand by Commodity Type

Within intermediate demand in September, prices for processed goods moved up 1.3 percent, the index for unprocessed goods increased 2.4 percent, and prices for services rose 0.5 percent. (See tables B and C.) Processed goods for intermediate demand: The index for processed goods for intermediate demand advanced 1.3 percent in September after climbing 1.0 percent in August. Sixty percent of the broad-based September increase can be traced to prices for processed materials less foods and energy, which moved up 1.1 percent. The indexes for processed energy goods and for processed foods and feeds rose 2.0 percent and 1.9 percent, respectively. For the 12 months ended in September, prices for processed goods for intermediate demand advanced 23.9 percent, the largest 12-month increase since jumping 26.3 percent in January 1975.

Product detail: One-fifth of the September increase in the index for processed goods for intermediate demand can be attributed to a 9.8-percent rise in prices for primary basic organic chemicals. The indexes for hot rolled steel sheet and strip, diesel fuel, fabricated structural metal products, gasoline, and beef and veal also moved higher. Conversely, prices for softwood veneer and plywood dropped 44.9 percent. The indexes for residual fuels and for pork also decreased. (See table 5.)

Unprocessed goods for intermediate demand: Prices for unprocessed goods for intermediate demand moved up 2.4 percent in September, the largest advance since rising 2.7 percent in June. Leading the September increase, the index for unprocessed energy materials climbed 8.5 percent. Prices for unprocessed foodstuffs and feedstuffs edged up 0.1 percent. In contrast, the index for unprocessed nonfood materials less energy declined 3.5 percent. For the 12 months ended in September, prices for unprocessed goods for intermediate demand jumped 45.9 percent.

Product detail: A major factor in the September increase in prices for unprocessed goods for intermediate demand was the index for natural gas, which advanced 14.4 percent. Prices for crude petroleum, slaughter poultry, slaughter barrows and gilts, slaughter steers and heifers, and aluminum base scrap also rose. Conversely, the index for carbon steel scrap fell 4.1 percent. Prices for corn and for raw milk also decreased.

Services for intermediate demand: The index for services for intermediate demand rose 0.5 percent in September, the tenth consecutive advance. In September, 40 percent of the broad-based increase can be traced to prices for services less trade, transportation, and warehousing for intermediate demand, which moved up 0.2 percent. Margins for trade services for intermediate demand and the index for transportation and warehousing services for intermediate demand also advanced, 0.6 percent and 0.8 percent, respectively. For the 12 months ended in September, prices for services for intermediate demand rose 8.0 percent.

Product detail: A 4.9-percent increase in the index for business loans (partial) was a major factor in the September rise in prices for services for intermediate demand. The indexes for arrangement of freight and cargo transportation; machinery and equipment parts and supplies wholesaling; courier, messenger, and U.S. postal services; food wholesaling; and building materials, paint, and hardware wholesaling also moved higher. In contrast, prices for airline passenger services fell 16.9 percent. The indexes for metals, minerals, and ores wholesaling and for internet advertising sales (excluding print publishers) also declined.

                         Intermediate Demand by Production Flow

Stage 4 intermediate demand: Prices for stage 4 intermediate demand rose 0.4 percent in September following a 0.8-percent increase in August. In September, the index for total goods inputs to stage 4 intermediate demand climbed 0.5 percent, and prices for total services inputs moved up 0.4 percent. (See table D.) Advances in the indexes for fabricated structural metal products; machinery and equipment parts and supplies wholesaling; courier, messenger, and U.S. postal services; hot rolled steel sheet and strip; beef and veal; and portfolio management outweighed declines in the indexes for airline passenger services; corn; and metals, minerals, and ores wholesaling. (See table 6.) For the 12 months ended in September, prices for stage 4 intermediate demand rose 11.6 percent.

Stage 3 intermediate demand: Prices for stage 3 intermediate demand advanced 1.0 percent in September, the same as in August. In September, the index for total goods inputs to stage 3 intermediate demand rose 1.2 percent, and prices for total services inputs moved up 0.8 percent. Increases in the indexes for primary basic organic chemicals; slaughter poultry; hot rolled steel sheet and strip; arrangement of freight and cargo transportation; courier, messenger, and U.S. postal services; and slaughter barrows and gilts outweighed decreases in the indexes for corn; raw milk; and metals, minerals, and ores wholesaling. For the 12 months ended in September, prices for stage 3 intermediate demand advanced 20.2 percent.

Stage 2 intermediate demand: Prices for stage 2 intermediate demand rose 2.5 percent in September, the sixth consecutive increase. In September, the index for total goods inputs to stage 2 intermediate demand jumped 4.0 percent, and prices for total services inputs climbed 1.1 percent. Advances in the indexes for gas fuels, crude petroleum, arrangement of freight and cargo transportation, business loans (partial), primary basic organic chemicals, and fuels and lubricants retailing outweighed falling prices for airline passenger services, carbon steel scrap, and oilseeds. For the 12 months ended in September, the index for stage 2 intermediate demand increased 22.7 percent.

Stage 1 intermediate demand: Prices for stage 1 intermediate demand moved up 0.2 percent in September following a 0.9-percent increase in August. In September, the index for total goods inputs to stage 1 intermediate demand rose 0.9 percent. Conversely, prices for total services inputs fell 0.5 percent. Advances in the indexes for primary basic organic chemicals; hot rolled steel sheet and strip; diesel fuel; fabricated structural metal products; building materials, paint, and hardware wholesaling; and courier, messenger, and U.S. postal services outweighed declines in the indexes for airline passenger services; corn; and hardware, building materials, and supplies retailing. For the 12 months ended in September, prices for stage 1intermediate demand increased 19.9 percent.

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