Price acceleration was evident throughout the producer price index report Tuesday, particularly within core items where vehicles, power generating equipment, and pharmaceuticals combined with a host of other categories to post a 0.7% increase, far above expectations.

The Bureau of Labor Statistics reported the core rate’s increase — the largest since November 2006 — was less before seasonal adjustment, up 0.5%. Without counting cars and trucks the core would have been up just 0.1 less.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.