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PPI Develops A Sinking Feeling
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Written by Brad Zigler
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October 15, 2008 1:08 PM EST |
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Producer Price Index Readers of this column shouldn't be surprised by these numbers. It's not that we didn't see this coming. After all, we've got a real-time yardstick that allows us to measure inflation and deflation (see "Computing Inflation In Real Time"). The deflation in wholesale prices was presaged by a reversal in monetary inflation that began earlier this year. Monetary Inflation Vs. Gold Price After this, tomorrow's release of Consumer Price Index numbers - and our own Breakfast Index readings - ought to be anticlimatic, right?
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