October PPI—More Evidence Inflation Is Not Rolling Over

We are hard-pressed to understand why the Wall Street gamblers were celebrating this morning’s PPI release for October. Based on the PPI index for finished goods, which is the next level above the CPI, we are actually in double-digit inflation land! PPI For Finished Goods In October: Year/Year Change: +11.3%; Monthly Annualized Change: +13.1% Needless […]
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