Inflation roars back with 2 percent wholesale price jump (1 Viewer)

[jujuman13]

Meanwhile all that pain we suffered kicking inflation out of the system?
Link
BREITBART.COM - Inflation roars back with 2 percent wholesale price jump
Guess it never went away, just took a short break?

 

[RightinNYC]

Meanwhile all that pain we suffered kicking inflation out of the system?
Link
BREITBART.COM - Inflation roars back with 2 percent wholesale price jump
Guess it never went away, just took a short break?

Uh, either that, or its not a big deal.

"The November increases in producer prices should not be viewed with alarm, because of past monthly declines," said Peter Morici, economist at the University of Maryland.

"Over the last year, producer prices, including food and energy, have risen only 0.9 percent, and consumer price inflation is likely to moderate through the early months of 2007."

Because the PPI fell 1.6 percent in October, some said the latest report simply smoothes out the bumps.

"The two months are best viewed as a net 0.4 percent increase, or about 0.2 percent per month," said analysts at Briefing.com. "This doesn't change the overall outlook for consumer inflation."

yawn.