Submitted by Tyler Durden on 10/12/2012 - 08:41 Bureau of Labor Statistics Crude
undefined
In a country in which nobody eats or drives any more, the Fed construct as September core PPI came in 0.0%, on expectations of a 0.2% increase. Of course, for those lucky few who still eat, or drive, or in rare cases eat and drive, saw Producer Prices rise by 1.1% on expectations of a 0.8% increase, which despite dropping from August's 1.7%, this was still the second highest monthly increase in the past year. Also, for those few who actually care about such trivia as food and energy prices, this was the 4th month in a row of higher than expected headline PPI. Luckily, in America, eating has now been hedonically adjusted to the functional equivalent of playing Apple's bestselling $0.99 iFood app.
Tweet
Comments: 22
Reads: 794
http://www.zerohedge.com/news/2012-10-12/producer-price-inflation-higher-spiking-food-and-energy-those-who-dont-eat-or-drive-
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
| 