In case you missed it, producer prices were up 0.8% in January after falling 1.9% in December. Core producer prices – minus energy and food prices – was up 0.4%. In other words, the deflation devil is not in the room yet. Economic reaction at the Wall Stret Journal Real Time Economics blog included these […]
Posts Tagged ‘CPI’
Consumer Price Report And Some Thoughts On Inflation From Volcker
Posted by Tom Lindmark on February 20th, 2009
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Prices Stayed Flat In December-Deflation For January?
Posted by Tom Lindmark on January 16th, 2009
As if you needed any further evidence that deflation is not that far away, the CPI for December provided it. Consumer prices fell by 0.7% and the core rate was basically flat. The numbers are seasonally adjusted. Another number that was released was industrial production. It was down 2% for December versus November. That was […]
Two Big Events Tomorrow
Posted by Tom Lindmark on December 16th, 2008
One more thought before I wander off to the land of Nod. Two big things come down tomorrow. One is pretty much baked in the cake and the other will tell quite a tale. The first is the Fed’s interest rate target announcement. We all know rates are going down the question is by how […]
