​Core Producer Price Inflation Hotter Than Expected; Food Costs Surge – Tyler Durden

Core Producer Price Inflation Hotter Than Expected; Food Costs Surge After yesterday’s hotter-than-expected CPI, all eyes are on this morning’s PPI print for dovish hopes that the blip in CPI is ‘transitory’. Of course, there is the baffle ’em with bullshit print too… as data shows the MoM prints cooler than expected but the YoY prints hotter than expected. Headline PPI was unchanged MoM (cooler than the +0.1% expected) but it was up 1.8% YoY (hotter than the +1.6% exp)… but down from the upwardly revised 1.9%!? Source: Bloomberg Energy prices weighed the PPI down (that won’t last!) as Food…  — Continue at ZeroHedge News : Read More