Economic News

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nycfan said:




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“… The core producer price index, which excludes volatile food and energy prices, increased a seasonally adjusted 0.8%, more than the 0.6% gain in December and well ahead of the Dow Jones consensus estimate for 0.3%.

On an all-items basis, headline PPI rose 0.5%, also above the forecast for 0.3% and 0.1 percentage point more than the prior month.

For the full year, core wholesale prices accelerated 3.6%, while the headline index posted a 2.9% gain. Both figures are well ahead of the Federal Reserve’s 2% inflation goal and suggest that rising prices are still a factor for the U.S. economy.

Services prices primarily drove the increase, with a 0.8% month increase that was the highest since July 2025. By contrast, goods prices actually fell 0.3%, though core goods prices rose 0.7%.

More than 20% of the increase in services came from margins for professional and commercial equipment wholesaling. On the goods side, energy and food prices both fell while metals prices increased 4.8%.

Trade services prices surged 2.5%, helping boost pressures on wholesale inflation.…”

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Could be some pent-up price increases that relate to inflationary pressures in 2025 just showing up in 2026 service price increases (which tend to be set on a calendar year basis).
 
7-8% in 1970; increasing throughout the ‘70’s to 11+% in 1979.

Median home price in 1970 was $23,000; so, the monthly payment was $125-130.

In 1967, my parents bought a brick ranch with a full basement on a 1-acre lot in Chapel Hill’s Colonial Heights neighborhood for $27,600. Their mortgage rate was in the mid-6.5% range.
 
Zoo_View said:
7-8% in 1970; increasing throughout the ‘70’s to 11+% in 1979.

Median home price in 1970 was $23,000; so, the monthly payment was $125-130.

In 1967, my parents bought a brick ranch with a full basement on a 1-acre lot in Chapel Hill’s Colonial Heights neighborhood for $27,600. Their mortgage rate was in the mid-6.5% range.
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Thanks
I remember my mother saying they had a 14% mortgage at one point
It might have been much later than 1970
They moved around after I left home
 
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I've been saying for a while, CPI numbers are garbage. That has so many ripple effects. Under-reporting inflation makes GDP look higher, makes profits look higher, etc.
 
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