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German Producer prices in June 2018: +3.0% on June 2017

In June 2018 the index of producer prices for industrial products rose by 3.0% compared with the corresponding month of the preceding year. In May the annual rate of change all over had been 2.7%, as reported by the Federal Statistical Office (Destatis). Compared with the preceding month May the overall index rose by 0.3% in June 2018 (+0.5% in May 2018 and in April 2018).

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U.K. CPI increased by 2.7%

The Consumer Prices Index including owner occupiers’ housing costs (CPIH) 12-month inflation rate was 2.5% in February 2018, down from 2.7% in January 2018. The largest downward contributions to the change in the rate came from transport and food prices, which rose by less than a year ago. Falling prices for accommodation services also had a downward effect. Rising prices for footwear produced the largest, partially offsetting, upward contribution. The Consumer Prices Index (CPI) 12-month rate was 2.7% in February 2018, down from 3.0% in January 2018.

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U.S. PPI rose by 0.2%

The Producer Price Index for final demand advanced 0.2 percent in February, seasonally  adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices rose 0.4  percent in January and were unchanged in December. On an unadjusted basis, the final demand index increased 2.8 percent for the 12 months ended in February. In February, the rise in final demand prices is attributable to a 0.3-percent advance in the index for final demand services.

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Chinese Consumer Prices Spike Most In 5 Years

Yuan is tumbling after Chinese Consumer prices spiked 2.9% YoY in February - the biggest jump in inflation since Nov 2013. Consumer prices jumped 1.2% MoM and 2.9% YoY (considerably higher than the 2.5% jump expected). The biggest driver of the price surge being food (something few can do without) which soared 4.4% - the biggest jump since June 2016.

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