PPI heightens inflation worries
Saturday, April 12th, 2008PPI heightens inflation worries
Untitled DocumentProducer prices heighten inflation worries
The Producer Price Index, or PPI, was released this morning, and while this reading is often overshadowed by the Consumer Price Index and certainly the Fed’s favored gauge, the Personal Consumption Expenditures Index, this month it raises its own concerns.
The headline PPI was up a modest 0.2 percent in April, but that doesn’t reflect the continued surge in oil prices we’ve seen this month. In the past 12 months, the headline PPI has advanced 6.5 percent.