Services Activity Jumps in March, Cost Pressures from Tariffs & Staffing Well Up by Wolf Richter • Mar 24, 2025 • 44 Comments But “competition limited the pass-through of higher costs to selling price … which will harm profits.”
Not Just in the US: Inflation Dishes Up Another Nasty Surprise in Canada, Throwing Further Rate Cuts into Doubt by Wolf Richter • Mar 18, 2025 • 64 Comments But it’s not in housing; it’s spread across much of the economy. And it’s not just the end of the temporary GST (goods & service tax) holiday.
Will Economic Detox Lead to a Recession? Maybe Not. But a Long Deep Stock Market Rout Will (See Dotcom Bust) by Wolf Richter • Mar 14, 2025 • 220 Comments “We’re focused on the real economy,” Bessent said. “Ouch,” stocks said. Where did the Trump put go?
It’s Again the Hefty Up-Revisions that Heat PPI Inflation: Been Happening Month after Month by Wolf Richter • Mar 13, 2025 • 79 Comments January was up-revised to worst increase since August 2023, PPI inflation doubling in 12 months. February unchanged, waiting for up-revision.
Beneath the Skin of CPI Inflation: Pace Slows from Spike Last Month, but 6-Month CPI Accelerates Further, Worst Increase since September 2023 by Wolf Richter • Mar 12, 2025 • 73 Comments Natural gas and electricity pushed up energy costs in February, despite drop in gasoline prices. Used vehicle prices continued to surge.
Price of Natural Gas Futures Up 140% Year-over-Year: One More Reason for Inflation to Not Back off Easily by Wolf Richter • Mar 10, 2025 • 99 Comments Natural gas accounts for 42% of electricity generation. It’s feedstock for fertilizers. It’s widely used for heating. And 19% was exported in 2024.
Is This the Beginning of the Second Wave of Inflation? by Wolf Richter • Mar 5, 2025 • 121 Comments Companies can’t pass on those higher prices? What a bummer. But if they can without losing sales, it’s off to the races. See 2021/2022.
PCE Inflation Hits 4.0% Month-to-Month Annualized, Worst since March. 3-Month PCE Hits 2.9%, Worst since April. But Massive “Base Effect” in Services Cools YoY Increases by Wolf Richter • Feb 28, 2025 • 30 Comments December, prior months revised higher. Goods prices jump month-to-month by most since August 2023, turn positive for first time in a year.
Inflation Spikes to 4.0% in Japan, Much Worse than in the US. BOJ Babied its Rate to Just 0.5%, with More Baby Hikes in View by Wolf Richter • Feb 21, 2025 • 51 Comments The strategy: Let inflation rip to bring the horrible debt-to-GDP ratio down. Households & yield investors pay for it. Turns out, no free lunches after all.
PPI Inflation Accelerates to +3.5% yoy, Worst in 2 Years, Driven by Services amid Massive Up-Revision of Services Inflation by Wolf Richter • Feb 13, 2025 • 95 Comments Inflation is festering and accelerating in services (two-thirds of overall PPI), not in goods.
