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Today is the Producer Price Index report release and tomorrow it will be the Consumer Price Index report. The PPI for September made a dramatic 0.8% MoM increase. On an annual basis prices rose 7.0%. If you strip out food and energy, the so-called Core price inflation, the Index rose 0.2% MoM and 2.5% YoY. [...] The producer price index for March, 2011 showed further increases monthly and yearly. For March the gain was 0.7% and on March YoY, it was up 5.7%. The core rate was up 2.0 YoY. Increases were seen primarily in oil related products, light trucks, and automobiles. Here is a better way to look at it: [...] |
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