PPI came in stronger than many economists expected today. However, it is no surprise to readers of Mike Panzer’s research.
His work suggests that import prices are a leading indicator of U.S. inflation. Import prices
Source: Michael Panzner
This suggests that inflation is far from dormant, courtesy of increasing import prices.
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Quote of the Day:
“Get inside information from the president and you will probably lose half your money. If you get it from the chairman of the board, you will lose all your money.”