Announcement on Tuesday: The seasonally adjusted annual CPI in the United States in March was 8.5%, a 40-year high (CPI consumer price index).
Announced on Wednesday: the US March PPI monthly rate of 1.4% (PPI producer price index). Producer prices rose 11.2% year-on-year in March, the largest increase on record.
The agency commented on the US PPI data: The annual rate of PPI in March was 11.2%, the highest since 2010, highlighting the persistence of early inflationary pressures and the possibility of transmission to final consumer goods.
Institutional Comment on US PPI data: The PPI and CPI reports have increased the pressure on the Fed to raise interest rates more significantly. The Fed has left the door open for a 50 basis point rate hike in May.
https://www.cnbc.com/2022/04/13/producer-price-index-march-2022-.html（CNBC）
The big rise in PPI crude oil is caused by rising supply chain and energy prices, and it will take months for it to be transmitted to consumer goods. This portends higher inflation in the future.
What do you think about this?
Hope the impact on the market will be smaller.
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