Producer Inflation Hits Highest Level In A Year, Heightens Pressure On Consumer Prices
Producer Inflation Hits Highest Level In A Year, Heightens Pressure On Consumer Prices
Inflation affecting American producers showed a broader uptick in April, with the headline month-over-month figure far exceeding estimates Tuesday, one day before the critical consumer inflation report is released.
影響美國生產商的通貨膨脹在4月份出現了更廣泛的上升，週二的總體環比數字遠遠超過了預期，也就是重要的消費者通脹報告發布的前一天。
The Producer Price Index (PPI) shows an increase of 0.5% in April compared to March, reaching its highest level in a year.
4月份生產者價格指數（PPI）與3月份相比增長了0.5％，達到一年來的最高水平。
April PPI Report: Key Highlights
4月生產者物價指數報告：主要亮點
- The headline PPI surged by 2.2% in April 2024 on a year-over-year basis, surpassing the previous downwardly revised annual rate of 1.8% and matching expectations of 2.2%.
- The month-on-month increase in the headline PPI was 0.5% in April, marking an acceleration from the downwardly revised 0.1% drop and topping estimates of 0.3%.
- The PPI for goods witnessed a 0.4% monthly increase, affected by a 2% rise in the energy item.
- The PPI for services saw a 0.6% monthly surge, with the trade item rising by 0.8%.
- The core PPI, which excludes food and energy, held steady at 2.4% annually, as expected.
- On a monthly basis, the core PPI jumped 0.5%, accelerating from the previous downwardly revised 0.1% drop and topping estimates of 0.2%.
- 2024年4月，總體生產者物價指數同比增長2.2％，超過了之前向下修正的1.8％的年增長率和2.2％的預期。
- 4月份整體PPI同比增長0.5％，標誌着從向下修正的0.1％跌幅加速，超過預期的0.3％。
- 受能源項目增長2％的影響，商品生產者物價指數月度增長0.4％。
- 服務業生產者物價指數月度上漲0.6％，貿易項目增長0.8％。
- 正如預期的那樣，不包括食品和能源的核心PPI每年穩定在2.4％。
- 按月計算，核心生產者物價指數上漲0.5％，較之前向下修正的0.1％跌幅加速，超過預期的0.2％。
| PPI Measure | Mar. 2024 | Apr. 2024 | Exp. |
|---|---|---|---|
| Headline (Y/Y) | 1.8% | 2.2% | 2.2% |
| Headline (M/M) | -0.1% | 0.5% | 0.3% |
| Core (Y/Y) | 2.4% | 2.4% | 2.4% |
| Core (M/M) | -0.1% | 0.5% | 0.2% |
| PPI 衡量標準 | 2024 年 3 月 | 2024 年 4 月 | Exp。 |
|---|---|---|---|
| 標題（Y/Y） | 1.8% | 2.2% | 2.2% |
| 標題 (M/M) | -0.1% | 0.5% | 0.3% |
| 核心（Y/Y） | 2.4% | 2.4% | 2.4% |
| 核心 (M/M) | -0.1% | 0.5% | 0.2% |
Market Reactions
市場反應
Prior to the PPI release, traders had priced in nearly 50 basis points of Fed rate cuts by year end.
在生產者物價指數公佈之前，交易員對聯儲局到年底的降息進行了近50個點子的定價。
Treasury yields rose across the board, with the rate-sensitive two-year yield up 4 basis points to 4.88% as of 8:33 a.m. in New York.
美國國債收益率全面上升，截至紐約上午8點33分，對利率敏感的兩年期國債收益率上漲了4個點子，至4.88％。
The U.S. dollar index (DXY), as tracked by the Invesco DB USD Index Bullish Fund ETF (NYSE:UUP), strengthened 0.2%.
景順數據庫美元指數看漲基金ETF（紐約證券交易所代碼：UUP）追蹤的美元指數（DXY）上漲了0.2％。
Futures on major U.S. stock indices trended lower on Tuesday premarket trading. On Monday, the SPDR S&P 500 ETF Trust (NYSE:SPY) closed flat.
週二盤前交易中，美國主要股指期貨走低。週一，SPDR標準普爾500指數ETF信託基金（紐約證券交易所代碼：SPY）收盤持平。
Gold, as tracked by the SPDR Gold Trust (NYSE:GLD), rose 0.5% to $2,343 per ounce.
根據SPDR黃金信託基金（紐約證券交易所代碼：GLD）的追蹤，黃金上漲0.5％，至每盎司2343美元。
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譯文內容由第三人軟體翻譯。