U.S. Producer Price Index Rose 0.8% In November
(For November 2010)
U.S. producer price index rose 0.8% in October vs. 0.6% consensus. October reading was at 0.4%. On year level PPI is up 3.5%.
Chart 1. U.S. Producer Price Index
Food & energy taken out U.S. producer price index rose 0.3% in November; consensus was at 0.2%; prior reading was at -0.6%. On year level core PPI is up 1.3%.
Chart 2. U.S. Producer Price Index – Core
Looks FED might after all get its way and produce some inflation.