Report
Bruno Cavalier

US: the long journey from PPI to CPI

There is marked tension on input prices, typical of an industrial boom. This tension is set to intensify over the short term due to the severe disruption affecting the production chain and low inventories. What will be the pass-through to the economy at large? The story is immutable. In the US, the peak of the acceleration in input prices reached +44% y-o-y on average over past cycles. Producer price inflation is around six times lower since other costs are either fixed or inert....
Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Bruno Cavalier

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