'Data is a cold splash of water, and the market's eyes light up—when PPI meets CPI, the Federal Reserve's 'Inflation Puzzle' is being torn open to reveal a new corner!'
The U.S. June PPI (Producer Price Index) data has just been released, and the results are shocking: Service industry prices have been a drag, causing overall data and core data to 'lie flat' month-on-month, even falling short of market expectations. It's like a restaurant owner suddenly being afraid to raise prices and secretly removing two dishes (for example, there are clear price cuts in hotel and logistics services). More dramatically, just a few days ago, the CPI (Consumer Price Index) data showed that tariffs added during Trump's term have quietly made home appliances and furniture more expensive—one brother shouts 'up', the other shouts 'down', leaving the Federal Reserve utterly confused.
【Personal Opinion + Case Study】
If you ask me, this data is like 'Guerrilla Warfare on the Inflation Battleground':
Price cuts in the service industry are a smokescreen: Discounts from airlines and hotel promotions are short-term maneuvers that cannot mask the long-term pressure of skyrocketing labor costs (referencing the hard data of a 5% year-on-year increase in hourly wages for waitstaff in the U.S.);
Tariff transmission is playing 'in slow motion': Don't be fooled that home appliances have only increased by 3% now; once Walmart clears its inventory, the prices of new vacuum cleaners could soar, just like IKEA's 'dull knife cutting meat' tactic due to rising shipping costs in 2022.
Want to see if the cryptocurrency market in the second half of the year is a 'Inflation Bull' or a 'Recession Bear'? Follow Brother Lei, and with 100 likes, we'll break down: When PPI and CPI clash, which side should BTC stand on?
