by RobertBartus
“The index of prices paid by New York manufacturers jumped to 51 points in April, the highest since August 2022.
At the same time, the Philadelphia manufacturing prices paid index rose to 51 points, the highest since July 2022.
All while the Dallas and Kansas manufacturing prices paid surged to 48 points and 42 points, the highest since June and September 2022, respectively.
This data suggests PCE inflation is likely to rebound over the next 6 months.
This comes as more companies say they plan to pass cost increases on to consumers, according to regional Fed surveys.
We see higher inflation ahead.”