PPI Shows massive inflation
Here is what the PPI numbers show
http://www.bls.gov/news.release/ppi.t01.htm
I've highlighted in red the areas where adjusting shoves inflation down quite a bit.
As with CPI, energy is dramatically reduced.
What is especially noteworthy is that annual inflation is running much hotter than is being reported. Consumer goods, for example, is almost at 10%.
I don't know the rationalization behind the adjustments, but clearly things are running hot
http://www.bls.gov/news.release/ppi.t01.htm
I've highlighted in red the areas where adjusting shoves inflation down quite a bit.
As with CPI, energy is dramatically reduced.
What is especially noteworthy is that annual inflation is running much hotter than is being reported. Consumer goods, for example, is almost at 10%.
I don't know the rationalization behind the adjustments, but clearly things are running hot
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