May 2025 core producer prices, aka core wholesale prices, were reported today up 3.02% year over year. That will doubtlessly be revised up, especially as we get farther away from May.
Today's chart indicates April was up 3.18% yoy, but was originally reported at 3.1%. The latter was already rounded up, but the former rounds up to 3.2%. We'll see if that gets revised higher in coming months as well.
March was up 3.91% yoy we are told today, but originally it was reported at 3.3%.
February was up 3.74%, but originally reported at 3.4%.
January was up 3.92%, but originally reported at 3.6%.
December was up 3.74%, but originally reported at 3.5%.
The average up revision, including April, has been 0.3.
Be that as it may, we have in the May report nine consecutive months with core producer prices up in excess of 3% year over year.
Meanwhile for the nine years 2012-2020, the average increase was 1.62% yoy. I don't call producer prices rising at a rate 85% higher than that in May 2025 good news. It may be "less bad" news, but that doesn't make it good news.
Trump's a jerk to Powell. Vance is a very polished jerk. Remember his treatment of Zelenskyy? Stephen Miller is a jerk to Rand Paul. If you've seen the Trump cabinet in action, many of whom are political losers, you've seen even more insulting jerks. They may be descendants of the people of Jerkola for all I know, but I can only speculate.