The number is out, and it's HOT!
PPI hs jumped 0.8%, well above the 0.2% analysts had expected.
Core PPI, which excludes food and energy, was only up 0.2%, which is still above the 0.1% that analysts had expected.
The culprit? Blame food and energy.
Tuesday, October 18, 2011
SEPTEMBER PPI SURGES 0.8%, WAY HOTTER THAN ESTIMATES
So as long as we don’t eat, heat our homes or go anywhere everthings hunky-dory.
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