{"id":844200,"date":"2025-08-14T21:48:49","date_gmt":"2025-08-14T13:48:49","guid":{"rendered":"https:\/\/ztylezman.com\/?p=844200"},"modified":"2025-08-14T21:48:49","modified_gmt":"2025-08-14T13:48:49","slug":"inflation-concerns-rise","status":"publish","type":"post","link":"https:\/\/ztylezman.com\/ja\/markets-ja\/inflation-concerns-rise\/","title":{"rendered":"\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306b\u304a\u3051\u308b\u30a4\u30f3\u30d5\u30ec\u306e\u61f8\u5ff5\u304c\u6d6e\u4e0a"},"content":{"rendered":"<p>7\u6708\u306e\u5378\u58f2\u4fa1\u683c\u304c\u4e88\u60f3\u3092\u5927\u304d\u304f\u4e0a\u56de\u3063\u3066\u4e0a\u6607\u3057\u305f\u3053\u3068\u306b\u3088\u308a\u3001\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306b\u3068\u3063\u3066\u30a4\u30f3\u30d5\u30ec\u304c\u4f9d\u7136\u3068\u3057\u3066\u8105\u5a01\u3067\u3042\u308b\u53ef\u80fd\u6027\u304c\u793a\u3055\u308c\u307e\u3057\u305f\u3002\u52b4\u50cd\u7d71\u8a08\u5c40\uff08Bureau of Labor Statistics\uff09\u306e\u5831\u544a\u306b\u3088\u308b\u3068\u3001\u4fa1\u683c\u306e\u6307\u6a19\u3067\u3042\u308b\u751f\u7523\u8005\u7269\u4fa1\u6307\u6570\uff08Producer Price Index, PPI\uff09\u306f\u3001\u6708\u9593\u30670.9%\u4e0a\u6607\u3057\u3001\u30c0\u30a6\u30fb\u30b8\u30e7\u30fc\u30f3\u30ba\u306e\u4e88\u6e2c\uff080.2%\u5897\uff09\u3092\u5927\u304d\u304f\u4e0a\u56de\u308a\u307e\u3057\u305f\u3002\u3053\u308c\u306f2022\u5e746\u6708\u4ee5\u6765\u306e\u6700\u5927\u306e\u6708\u9593\u5897\u52a0\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n<p>\u98df\u54c1\u3084\u30a8\u30cd\u30eb\u30ae\u30fc\u306e\u4fa1\u683c\u3092\u9664\u304f\u30b3\u30a2PPI\u30820.9%\u306e\u4e0a\u6607\u3092\u793a\u3057\u3001\u5f53\u521d\u306e\u4e88\u6e2c\uff080.3%\u5897\uff09\u3092\u8d85\u3048\u307e\u3057\u305f\u3002\u98df\u54c1\u3001\u30a8\u30cd\u30eb\u30ae\u30fc\u304a\u3088\u3073\u8cbf\u6613\u30b5\u30fc\u30d3\u30b9\u3092\u9664\u3044\u305f\u6307\u6570\u306f0.6%\u306e\u4e0a\u6607\u3068\u306a\u308a\u30012022\u5e743\u6708\u4ee5\u6765\u306e\u6700\u5927\u306e\u4e0a\u6607\u5e45\u3067\u3059\u3002<\/p>\n<p>\u5e74\u7387\u30d9\u30fc\u30b9\u3067\u306f\u3001PPI\u306f3.3%\u5897\u52a0\u3057\u3066\u304a\u308a\u3001\u3053\u308c\u306f2\u6708\u4ee5\u6765\u306e\u6700\u5927\u306e12\u30f6\u6708\u9593\u306e\u52d5\u304d\u3067\u3042\u308a\u3001\u9023\u90a6\u6e96\u5099\u5236\u5ea6\uff08Federal Reserve\uff09\u306e\u30a4\u30f3\u30d5\u30ec\u30bf\u30fc\u30b2\u30c3\u30c82%\u3092\u5927\u304d\u304f\u4e0a\u56de\u308a\u307e\u3057\u305f\u3002\u7279\u306b\u30b5\u30fc\u30d3\u30b9\u30a4\u30f3\u30d5\u30ec\u304c\u5927\u304d\u306a\u4e0a\u6607\u3092\u8a18\u9332\u3057\u30017\u6708\u306b\u306f1.1%\u306e\u4e0a\u6607\u3068\u306a\u308a\u3001\u3053\u308c\u30822022\u5e743\u6708\u4ee5\u6765\u306e\u6700\u5927\u306e\u5897\u52a0\u3068\u306a\u308a\u307e\u3057\u305f\u3002\u8cbf\u6613\u30b5\u30fc\u30d3\u30b9\u306e\u30de\u30fc\u30b8\u30f3\u306f2%\u4e0a\u6607\u3057\u3001\u30c9\u30ca\u30eb\u30c9\u30fb\u30c8\u30e9\u30f3\u30d7\uff08Donald Trump\uff09\u5927\u7d71\u9818\u306e\u95a2\u7a0e\u5b9f\u65bd\u306b\u3088\u308b\u5f71\u97ff\u304c\u5f15\u304d\u7d9a\u304d\u898b\u3089\u308c\u307e\u3059\u3002<\/p>\n<p>\u30b5\u30fc\u30d3\u30b9\u306e30%\u306e\u5897\u52a0\u306f\u3001\u6a5f\u68b0\u304a\u3088\u3073\u88c5\u7f6e\u306e\u5378\u58f2\u308a\u304c3.8%\u4e0a\u6607\u3057\u305f\u3053\u3068\u306b\u8d77\u56e0\u3057\u3066\u3044\u307e\u3059\u3002\u307e\u305f\u3001\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u7ba1\u7406\u6599\u91d1\u306f5.8%\u6025\u4e0a\u6607\u3057\u3001\u822a\u7a7a\u4f1a\u793e\u306e\u65c5\u5ba2\u30b5\u30fc\u30d3\u30b9\u4fa1\u683c\u30821%\u4e0a\u6607\u3057\u307e\u3057\u305f\u3002<\/p>\n<p>\u3053\u306e\u5831\u544a\u3092\u53d7\u3051\u3066\u682a\u5f0f\u5e02\u5834\u306e\u5148\u7269\u306f\u4e0b\u843d\u3057\u3001\u77ed\u671f\u306e\u56fd\u50b5\u5229\u56de\u308a\u306f\u4e0a\u6607\u3057\u307e\u3057\u305f\u3002PPI\u306f\u6d88\u8cbb\u8005\u7269\u4fa1\u6307\u6570\uff08CPI\uff09\u3088\u308a\u3082\u6ce8\u8996\u3055\u308c\u308b\u3053\u3068\u306f\u5c11\u306a\u3044\u3082\u306e\u306e\u3001\u30d1\u30a4\u30d7\u30e9\u30a4\u30f3\u4fa1\u683c\u306b\u95a2\u3059\u308b\u91cd\u8981\u306a\u60c5\u5831\u3092\u63d0\u4f9b\u3057\u307e\u3059\u3002\u3053\u308c\u3089\u306e\u6307\u6a19\u306f\u3001\u5546\u52d9\u7701\u306e\u500b\u4eba\u6d88\u8cbb\u652f\u51fa\u4fa1\u683c\u6307\u6570\uff08personal consumption expenditures price index\uff09\u3078\u3068\u7e4b\u304c\u308a\u3001\u9023\u90a6\u6e96\u5099\u5236\u5ea6\u306e\u4e3b\u8981\u306a\u30a4\u30f3\u30d5\u30ec\u4e88\u6e2c\u6307\u6a19\u3068\u3057\u3066\u6a5f\u80fd\u3057\u307e\u3059\u3002\u3053\u306e\u66f4\u65b0\u306f\u4eca\u6708\u4e2d\u306b\u884c\u308f\u308c\u308b\u4e88\u5b9a\u3067\u3059\u3002<\/p>\n<p>\u300cPPI\u304c\u4e88\u60f3\u3092\u4e0a\u56de\u3063\u3066\u5f37\u304b\u3063\u305f\u3053\u3068\u3001CPI\u304c\u6bd4\u8f03\u7684\u7a4f\u3084\u304b\u3067\u3042\u3063\u305f\u3053\u3068\u306f\u3001\u4f01\u696d\u304c\u95a2\u7a0e\u30b3\u30b9\u30c8\u3092\u6d88\u8cbb\u8005\u306b\u8ee2\u5ac1\u305b\u305a\u306b\u5438\u53ce\u3057\u3066\u3044\u308b\u3053\u3068\u3092\u793a\u5506\u3057\u3066\u3044\u307e\u3059\u300d\u3068\u3001CalBay Investments\u306e\u30c1\u30fc\u30d5\u30de\u30fc\u30b1\u30c3\u30c8\u30b9\u30c8\u30e9\u30c6\u30b8\u30b9\u30c8\u3067\u3042\u308b\u30af\u30e9\u30fc\u30af\u30fb\u30b8\u30a7\u30e9\u30cd\u30f3\uff08Clark Geranen\uff09\u306f\u8ff0\u3079\u3066\u3044\u307e\u3059\u3002\u300c\u4f01\u696d\u306f\u4eca\u5f8c\u3001\u30b3\u30b9\u30c8\u3092\u6d88\u8cbb\u8005\u306b\u8ee2\u5ac1\u3059\u308b\u65b9\u5411\u3078\u8235\u3092\u5207\u308b\u304b\u3082\u3057\u308c\u307e\u305b\u3093\u3002\u300d<\/p>\n<p>CPI\u304c\u4eca\u9031\u306e\u521d\u3081\u306b\u4e88\u6e2c\u901a\u308a\u306e\u7d50\u679c\u3068\u306a\u3063\u305f\u3053\u3068\u3092\u53d7\u3051\u3001\u5e02\u5834\u3067\u306f\u9023\u90a6\u6e96\u5099\u5236\u5ea6\u306e9\u6708\u306e\u5229\u4e0b\u3052\u304c\u307b\u307c\u78ba\u5b9f\u3067\u3042\u308b\u3068\u898b\u8fbc\u307e\u308c\u3066\u3044\u307e\u3057\u305f\u304c\u3001\u3053\u306e\u5831\u544a\u3092\u53d7\u3051\u30669\u6708\u306e\u5229\u4e0b\u3052\u306e\u78ba\u7387\u306f\u308f\u305a\u304b\u306b\u4f4e\u4e0b\u3057\u3066\u3044\u307e\u3059\u3002Northlight Asset Management\u306e\u30c1\u30fc\u30d5\u30a4\u30f3\u30d9\u30b9\u30c8\u30e1\u30f3\u30c8\u30aa\u30d5\u30a3\u30b5\u30fc\u3067\u3042\u308b\u30af\u30ea\u30b9\u30fb\u30b6\u30c3\u30ab\u30ec\u30ea\uff08Chris Zaccarelli\uff09\u306f\u3001\u300c\u4eca\u671d\u306e\u751f\u7523\u8005\u7269\u4fa1\u6307\u6570\u306e\u5927\u5e45\u306a\u4e0a\u6607\u306f\u3001\u7d4c\u6e08\u306b\u30a4\u30f3\u30d5\u30ec\u304c\u6d78\u900f\u3057\u3066\u3044\u308b\u3053\u3068\u3092\u793a\u3057\u3066\u3044\u307e\u3059\u3002\u305f\u3068\u3048\u6d88\u8cbb\u8005\u306b\u306f\u307e\u3060\u5b9f\u611f\u3055\u308c\u3066\u3044\u306a\u3044\u3068\u3057\u3066\u3082\u3001\u706b\u66dc\u65e5\u306eCPI\u306e\u6570\u5024\u304c\u7a4f\u3084\u304b\u3060\u3063\u305f\u305f\u3081\u3001\u3053\u308c\u306f\u975e\u5e38\u306b\u4e0d\u5feb\u306a\u9a5a\u304d\u3067\u3042\u308a\u3001\u6765\u6708\u306e\u91d1\u5229\u5f15\u304d\u4e0b\u3052\u306e\u697d\u89b3\u7684\u306a\u898b\u901a\u3057\u304c\u89e3\u6d88\u3055\u308c\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002\u300d\u3068\u8ff0\u3079\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u3053\u306e\u5831\u544a\u306f\u3001\u52b4\u50cd\u7d71\u8a08\u5c40\u306e\u30c7\u30fc\u30bf\u7cbe\u5ea6\u306b\u95a2\u3059\u308b\u7591\u5ff5\u304c\u9ad8\u307e\u308b\u4e2d\u3067\u767a\u8868\u3055\u308c\u307e\u3057\u305f\u3002\u4eca\u6708\u521d\u3081\u306b\u30c8\u30e9\u30f3\u30d7\u5927\u7d71\u9818\u306f\u3001\u5143\u52b4\u50cd\u7d71\u8a08\u5c40\u9577\u3092\u89e3\u96c7\u3057\u3001\u30d8\u30ea\u30c6\u30fc\u30b8\u8ca1\u56e3\u306e\u30a8\u30b3\u30ce\u30df\u30b9\u30c8\u3067\u3042\u308bE.J.\u30a2\u30f3\u30c8\u30cb\uff08E.J. Antoni\uff09\u3092\u6b21\u306e\u5c40\u9577\u306b\u6307\u540d\u3059\u308b\u610f\u5411\u3092\u8868\u660e\u3057\u3066\u3044\u307e\u3059\u3002\u30a2\u30f3\u30c8\u30cb\u6c0f\u306f\u52b4\u50cd\u7d71\u8a08\u5c40\u3092\u6279\u5224\u3057\u3066\u304a\u308a\u3001\u30c7\u30fc\u30bf\u7cbe\u5ea6\u304c\u6539\u5584\u3055\u308c\u308b\u307e\u3067\u3001\u6bce\u6708\u306e\u96c7\u7528\u7d71\u8a08\u5831\u544a\u3092\u505c\u6b62\u3059\u308b\u3053\u3068\u3092\u63d0\u6848\u3057\u305f\u3053\u3068\u3082\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>\u52b4\u50cd\u7d71\u8a08\u5c40\u306f\u3001\u4e88\u7b97\u524a\u6e1b\u3084\u4eba\u54e1\u524a\u6e1b\u306b\u3088\u3063\u3066\u30c7\u30fc\u30bf\u53ce\u96c6\u306e\u65b9\u6cd5\u3092\u5909\u66f4\u305b\u3056\u308b\u3092\u5f97\u306a\u3044\u72b6\u6cc1\u306b\u3042\u308a\u30017\u6708\u306ePPI\u5831\u544a\u306f\u3001350\u30ab\u30c6\u30b4\u30ea\u306e\u8a73\u7d30\u306a\u30b3\u30b9\u30c8\u7b97\u51fa\u304c\u9664\u5916\u3055\u308c\u305f\u6700\u521d\u306e\u3082\u306e\u3067\u3059\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>7\u6708\u306e\u751f\u7523\u8005\u7269\u4fa1\u6307\u6570\uff08PPI\uff09\u304c0.9%\u4e0a\u6607\u3057\u3001\u4e88\u60f3\u306e0.2%\u3092\u5927\u304d\u304f\u4e0a\u56de\u3063\u305f\u3053\u3068\u306b\u3088\u308a\u3001\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306b\u304a\u3051\u308b\u30a4\u30f3\u30d5\u30ec\u306e\u8105\u5a01\u304c\u518d\u6d6e\u4e0a\u3057\u3066\u3044\u307e\u3059\u3002\u3053\u308c\u306f2022\u5e746\u6708\u4ee5\u6765\u306e\u6700\u5927\u306e\u5897\u52a0\u3092\u8a18\u9332\u3057\u307e\u3057\u305f\u3002<\/p>\n","protected":false},"author":1,"featured_media":844207,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[5005],"tags":[],"class_list":{"0":"post-844200","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets-ja"},"raw_content":"<!-- wp:paragraph --><p>7\u6708\u306e\u5378\u58f2\u4fa1\u683c\u304c\u4e88\u60f3\u3092\u5927\u304d\u304f\u4e0a\u56de\u3063\u3066\u4e0a\u6607\u3057\u305f\u3053\u3068\u306b\u3088\u308a\u3001\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306b\u3068\u3063\u3066\u30a4\u30f3\u30d5\u30ec\u304c\u4f9d\u7136\u3068\u3057\u3066\u8105\u5a01\u3067\u3042\u308b\u53ef\u80fd\u6027\u304c\u793a\u3055\u308c\u307e\u3057\u305f\u3002\u52b4\u50cd\u7d71\u8a08\u5c40\uff08Bureau of Labor Statistics\uff09\u306e\u5831\u544a\u306b\u3088\u308b\u3068\u3001\u4fa1\u683c\u306e\u6307\u6a19\u3067\u3042\u308b\u751f\u7523\u8005\u7269\u4fa1\u6307\u6570\uff08Producer Price Index, PPI\uff09\u306f\u3001\u6708\u9593\u30670.9%\u4e0a\u6607\u3057\u3001\u30c0\u30a6\u30fb\u30b8\u30e7\u30fc\u30f3\u30ba\u306e\u4e88\u6e2c\uff080.2%\u5897\uff09\u3092\u5927\u304d\u304f\u4e0a\u56de\u308a\u307e\u3057\u305f\u3002\u3053\u308c\u306f2022\u5e746\u6708\u4ee5\u6765\u306e\u6700\u5927\u306e\u6708\u9593\u5897\u52a0\u3068\u306a\u308a\u307e\u3059\u3002<\/p><!-- \/wp:paragraph -->\n<!-- wp:paragraph --><p>\u98df\u54c1\u3084\u30a8\u30cd\u30eb\u30ae\u30fc\u306e\u4fa1\u683c\u3092\u9664\u304f\u30b3\u30a2PPI\u30820.9%\u306e\u4e0a\u6607\u3092\u793a\u3057\u3001\u5f53\u521d\u306e\u4e88\u6e2c\uff080.3%\u5897\uff09\u3092\u8d85\u3048\u307e\u3057\u305f\u3002\u98df\u54c1\u3001\u30a8\u30cd\u30eb\u30ae\u30fc\u304a\u3088\u3073\u8cbf\u6613\u30b5\u30fc\u30d3\u30b9\u3092\u9664\u3044\u305f\u6307\u6570\u306f0.6%\u306e\u4e0a\u6607\u3068\u306a\u308a\u30012022\u5e743\u6708\u4ee5\u6765\u306e\u6700\u5927\u306e\u4e0a\u6607\u5e45\u3067\u3059\u3002<\/p><!-- \/wp:paragraph -->\n<!-- wp:paragraph --><p>\u5e74\u7387\u30d9\u30fc\u30b9\u3067\u306f\u3001PPI\u306f3.3%\u5897\u52a0\u3057\u3066\u304a\u308a\u3001\u3053\u308c\u306f2\u6708\u4ee5\u6765\u306e\u6700\u5927\u306e12\u30f6\u6708\u9593\u306e\u52d5\u304d\u3067\u3042\u308a\u3001\u9023\u90a6\u6e96\u5099\u5236\u5ea6\uff08Federal 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