So far the ECB has not responded to the disinflationary risks building in the euro area. Some Governing Council members dismissed the calls for action from numerous economists, referring to the analysts’ reports as the “Anglo-Saxon” irrational fea…
Tag Archive for Ppi
Contributors- Economic and Financial, Must Read, Taken Down
Inflation measures point to Bullard’s "small taper" – Sober Look
by Sober Look • • 0 Comments
Inflation measures provide key data points for the Fed in deciding on the timing and the magnitude of taper. Last week’s PPI and today’s CPI numbers continue to show a fairly benign inflation environment.Source: EconodayHowever CPI and similar measures…
Contributors- Economic and Financial, Must Read, Taken Down
Watch gasoline futures prices – Sober Look
by Sober Look • • 0 Comments
US fuel prices continue to rise. August NYMEX gasoline futures price cleared $3/gal a couple of days ago and is now at the highest level for 2013.
Money Morning, Must Read
The Best Ways to Profit from Food Inflation- Money Morning
by David Zeiler •
Though tame through most of last year, food inflation has begun to surge again in 2013 – just as Money Morning Global Resources Specialist Peter Krauth predicted it would.
“Food inflation hasn’t reared its head for some time, and I think it’s about to start making headlines again before long,” Krauth wrote in a Jan. 18 note to subscribers of his Real Asset Returns investment service.
Sure enough, an inflation report yesterday (Wednesday) from the Labor Department showed that the biggest increase in January prices came in the food category.
Food prices – for both groceries and food eaten at restaurants – rose 0.7% in January, compared with December, accounting for more than three-fourths of the increase in the Producer Price Index (PPI).
The biggest driver of food inflation in January was the cost of vegetables, which rocketed 39%, withbroccoli, cauliflower and lettuce increasing the most.
The U.S. Department of Agriculture’s Economic Research Service is projecting food prices in 2013 will increase 3% to 4%, an annual increase the agency says is above the historical average.
The ERS said it expects animal-based food products (mostly meats) to be hit hardest, with cereals and bakery products also seeing above-average price increases.
The return of food inflation to the U.S. should come as no surprise, as it has become a worldwide trend over the past decade.
The Food Price Index developed by Food and Agriculture Organization of the United Nations has more than doubled from 97.7 in 2003 to 209.8 now following a decade of stability. (The index stood at about 102 in 1993.)
Charles Hugh Smith, Contributors- Economic and Financial, Must Read
The One Chart That Says It All
by Charles Hugh Smith • • 0 Comments
Depending on debt to fuel nominal growth leads to an economic death spiral.
Sometimes one chart says it all. Here is a chart of the S&P 500 (a broadly based measure of the U.S. stock market) in a ratio with total consumer credit, courtesy…
Bears Chat, Best of the Forums
Exporters to the US Lost the War on Deflation
by Bears Chat at The Wall Street Examiner • • 0 Comments
Exporters to the US Lost the War on Deflation By Howard Simons Jun 14, 2011
Now that “financial repression” is well on its way to becoming today’s phrase that pays, let’s see whether exporters to the US can be included on the list of those wh…
Bears Chat, Best of the Forums
Housing starts down, PPI up….
by a Wall Street Examiner • • 0 Comments
“Stagflation, Bitchez”
