PPI rose 0.3% in April as good costs increase

YoY ex food & Energy

Consensus	Actual	Previous
3.4%	3.4%	3.8%

YoY all PPI

Consensus	Actual	Previous
-3.9%	-3.7%	-3.5%

MoM ex Food & Energy

Consensus	Actual	Previous
0.1%	0.1%	0%

MoM US PPI

Consensus	Actual	Previous
0.1%	0.3%	-1.2%

• Producer prices rose faster than expected in April according to government data. 
• Labor department said PPI climbed 0.3% after declining 1.2% in March
• Food prices rose 1.5% in April, the biggest increase since January.
• Food costs rose on a record jump in eggs, along with soaring prices for vegetables and meat.
• Excluding food, headline PPI would be 0.1%
• Expectations were 0.1%.
• YoY compared to last year core producer price rose 3.4%
• Energy prices fell 0.1% vs. -5.5% decline in March.
• Gasoline prices up 2.6% in April
• Residential natural gas fell –6.2%

This confirms the commodity trades going forward.  With the massive printing going on with the FED, the rise in inflation is not being driven by consumption but by greater monetary supply.  In the long run, this is going to hurt consumers even more. 

Source: CNN Money