World Perspectives

Producer Prices Hit Record High as Fed Begins December Meeting

The Bureau of Labor Statistics (BLS) released the Producer Price Index (PPI) today, the primary measure of inflation for manufacturers and producers. The PPI is different from the Consumer Price Index (CPI) in that it measures costs from the viewpoint of industries that make the products, whereas the CPI measures prices from the perspective of consumers purchasing final goods. The overall PPI was up 0.8 percent in November, which brings the 12-month increase from November 2020 through last month, to 9.6 percent. That’s the largest increase since 12-month data were first calculated in November 2010. The commodity price index grew faster than the all manufacturing index, mostly driven by energy prices. In November, nearly two-thirds...

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Middle Kingdom Approach; Friday Snippets

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From WPI Consulting

Infrastructure investment due diligence

On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.

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