Today’s PPI report came in hot. More on that in a moment.
For now enjoy reading these selected categories/subcategories from the CPI report earlier this week.
As for this morning’s HOT PPI report,
It’s “hot” (no two-ways about that) but this is largely a repeat of the CPI news from earlier this week.
Consumers (on the CPI) got big breaks on gasoline prices and use car prices, both a relatively small components of PPI.
From Foxbusiness News:
Inflation at the wholesale level rose much more than expected in January, underscoring the challenge of taming price pressures within the economy.
The Labor Department said Friday that its producer price index, which measures inflation at the wholesale level before it reaches consumers, jumped 0.3% in January from the previous month. On an annual basis, prices remain up 0.9%.
Those figures are both higher than the 0.1% monthly gain and the 0.6% annual figure predicted by Refinitiv economists.
In another sign that points to the stickiness of high inflation, core prices — which exclude the more volatile measurements of food and energy — surged 0.5% for the month. That is higher than both the 0.1% estimate and the flat reading recorded last month. . . .
“Transitory”
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Good job, libs. 
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And an extra good job joe.
30 year mortgage rate up to 6.77%
Yay! Destroy that economy lefties. (Sarcasm)
who wants to be a Mylar balloon?
