PPI Headline Inflation Soars, Analysts To Explain Why Doesn't Matter

PPI was much worse than anticipated as it clocked in at 1.4% vs. 1.0% consensus for the month of May. Core PPI met consensus at 0.2%.

Yes, we know. The only thing that matters is “core.” According to those who can still afford to eat and drive.

See Also:
Core CPI In Line, Headline Ghastly: More Great News For People Who Don’t Eat Or Drive

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