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Forex News: PPI +0.2% and +0.4% Ex Food and Energy.

Posted by Greg Michalowski on Tue, 05/20/2008 - 8:33am in

The headline was better. The ex food and energy was worse.

YoY cam in at 6.5% and 3.0% for headline and Ex. Again headline better, core inflation a touch worse than expected.

Automobile and Furniture prices advances. Oil and Food were down last month. The increase this year was last then last year so seasonals most likely had an effect on the decline.

The core gain was the highest since December 1991.

The report shows inflation in the pipeline. Producers can pass on the higher cost to consumers or they can become more efficient in their production.