Red Hot PPI

Here’s a quick chart of the PPI

Note that the 2% target rate is shown as a red dotted line across all 3 charts:

Ppi_march_08_2
courtesy of Brian Jacobs

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Its totally contained !

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What's been said:

Discussions found on the web:
  1. Mr. Obvious commented on Apr 15

    Apparently the meme of the day is to ignore the PPI and focus on the CPI. Its all good….

    Didn’t you get that talking point, Barry?

  2. UrbanDigs commented on Apr 15

    but the slowdown will bring down inflation, so we are all good!

    Cut away Benny!

  3. Lloyd commented on Apr 15

    This looks great for my future grocery bill. I guess I should just stock up on milk and bread. I can tough it out and get use to the smell and taste.

  4. Neal commented on Apr 15

    These charts are delusionary low–from my edge of the world–steel.

    Price change in steel making components from Feb 2007 to Feb 2008 (check it out at steelonthenet.com):

    Thermal coal: 56.7 to 140.6 (147% increase)
    Coking coal: 94.3 to 210.0 (122% increase)
    Iron Ore: 84.7 to 140.6 (65% increase)
    Natural gas: 302.0 to 369.0 (22% increase)
    Scrap: 280 to 390 (39% increase)

    Now what are the real numbers out there? Is there a hedonic adjustment for coal that just occurred? How about iron ore?

  5. Shane commented on Apr 15

    I’m sorry, I’m a little pissed but

    F@#$ THE FED!!!!!!

    They caused this blasted mess.
    Since 2001 when they dropped rate to 1%
    the CRB went from 184 to 580. 315% increase.

    And thanks to lower interest rates we’ll get more monetary inflation.

    Abolish the FED and F@#$ ’em.

  6. Shane commented on Apr 15

    I’m sorry, I’m a little pissed but

    F@#$ THE FED!!!!!!

    They caused this blasted mess.
    Since 2001 when they dropped rate to 1%
    the CRB went from 184 to 580. 315% increase.

    And thanks to lower interest rates we’ll get more monetary inflation.

    Abolish the FED and F@#$ ’em.

  7. Sufferin’ Succotash commented on Apr 15

    These charts are delusionary low–from my edge of the world–steel.

    The steel industry is elitist and out of touch with the Real America.

  8. Sufferin’ Succotash commented on Apr 15

    These charts are delusionary low–from my edge of the world–steel.

    The steel industry is elitist and out of touch with the Real America.

  9. Sufferin’ Succotash commented on Apr 15

    These charts are delusionary low–from my edge of the world–steel.

    The steel industry is elitist and out of touch with the Real America.

  10. Sufferin’ Succotash commented on Apr 15

    These charts are delusionary low–from my edge of the world–steel.

    The steel industry is elitist and out of touch with the Real America.

  11. Renting in Mass commented on Apr 15

    You’re not making me feel better about things Neal… Thanks for the info though.

  12. Francois commented on Apr 15

    Remind me again what is the logic behind cutting interest rates while inflation keeps getting worse?

  13. PUNISHER commented on Apr 15

    I’M MAD AS HELL AND I’M NOT GOING TO TAKE IT ANYMORE

  14. Pat G. commented on Apr 15

    Their plan is to inflate themselves (us) out of debt.

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