The PPI report came out today. While we are doing better than Zimbabwe, things are still a little scary.
I was having dinner with Chris last weekend, and I expressed concern over US inflation. He asked me what the numbers were, and I didn’t have them handy. Here are the numbers from a MarketWatch article on the January 2008 PPI report.
First, the most concerning number of all:
Year over year, the PPI is up 7.4% — the fastest pace since 1981. Also on an annualized basis, the core PPI is up 2.3%.
And here are some more details found at the end of the article: (after the jump)
Continue Reading 1 comment Tuesday, Feb. 26, 2008
by Jason
