PPI up 0.3% month-to-month as food inflation remains sticky. In case you missed this morning’s PPI release, click HERE.
Foods. With respect to “Foods”, it is no surprise that poultry, eggs and dairy were up in November as this was reflected at Retail. Apparently there is a bird flu that was driving poultry/egg prices higher. Similarly there was a shortage for certain dairy products (heavy cream was one during Thanksgiving). Some of these price increases have abated post Thanksgiving (poultry but not eggs): HERE.