Wednesday, May 21, 2008

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

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