"December’s PPI data look good superficially ... "We think that is consistent with a 7.5% increase in the equivalent measure in the core PCE calculation, as prices usually fall in December ...

The December PPI Index rose a seasonally adjusted 0.2% while the rate for the core producer price index over the same period remained flat. Annual PPI was up 3.3% compared to a 1.1% increase in 2023.

Unlike PPIs, P-CABs are considered acid-stable, don’t require premeal dosing, aren’t prodrugs, and don’t require conversion to an active form to provide pharmacologic effects. They tend to ...