Saturday, November 19, 2022

PPI MOM -- October, 2022

The number one "reason" for US inflation when it spiked a few months ago? Used cars.

Now, price of used cars in the US falling at the fastest rate in history. 

Fact-check me on that. 

That story -- price of used cars -- started appearing two weeks ago. 

This story started appearing everywhere this week. 

This is US PPI MoM for October (has anyone been following housing prices in the US -- collapsing).

  • 0.2%
  • came in less than expected

This is the Canadian PPI MoM for October (has anyone been following housing prices in Canada -- surging):

  • 2.4% (is that 12x what US had?)
  • came in way more than forecast:
    • forecast: 0.5%

And, yes, US PPI MoM is tracked:




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