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Figure Heloc 
Prior +0.1%PPI -1.7% vs -1.9% y/y expectedPrior -0.5%It’s a beat on estimates but this is very much a lagging data point at best. The consumer price index (CPI) precedes this and outweighs this on inflation trends, so just take this as a supportive or secondary data. If excluding energy, producer prices were only up 0.1% on the month in November last year.The breakdown shows that prices for:Intermediate goods +0.3%Energy +1.8%Capital goods +0.1%Durable consumer goods +0.3%Non-durable consumer goods -0.2%And when compared to the same month a year ago, producer prices were seen down 1.7%. However, much of that owes to a steep decline in energy prices (-7.4%). All other categories show an increase compared to the corresponding month one year ago, with total producer prices actually up 1.0% once you strip out energy.
This article was written by Justin Low at investinglive.com.
💡 DMK Insight
The latest PPI data beat expectations, but here’s why it shouldn’t sway your trading strategy right now. While a +0.1% increase in PPI against a -1.7% prior reading might seem positive, it’s crucial to remember that this is lagging data. Traders should focus more on the CPI, which is a leading indicator for inflation trends. The market’s reaction to PPI could be muted, especially since inflation expectations are already being shaped by CPI readings. If you’re in the forex or crypto markets, this PPI data might not drive significant moves. Instead, keep an eye on the upcoming CPI release for more actionable insights. Watch for any shifts in sentiment that could ripple through correlated assets, particularly if CPI shows unexpected inflationary pressures. In terms of strategy, consider monitoring key levels around recent highs and lows in both PPI and CPI. If CPI comes in higher than expected, it could trigger volatility across markets, especially in interest-sensitive assets. So, while today’s PPI data is a beat, it’s the CPI that will likely dictate the next moves in the market.
📮 Takeaway
Focus on the upcoming CPI data for actionable insights, as it will likely have a greater impact on market sentiment than the recent PPI figures.
