Core Inflation Spikes Most In 15 Months, Food Costs Surge

by Tyler Durden
ZeroHedge.com
02/17/2016

Producer Prices (ex food and energy) jumped 0.4% MoM – the biggest rise since Oct 2014 (and dramatically hotter than the 0.1% rise expected). Rubbing salt into Fed mandate wounds still further is last month’s print was also revised higher and YoY (+0.6%) is the highest since Sep 2015. Across the range of PPI data, all items came hotter than expected in January (despite a 5% drop in Energy) with Food rising most in 20 months.

The Rest…HERE

This entry was posted on Wednesday, February 17th, 2016 at 3:17 pm and is filed under Economics, Food Wars, Government Evil. You can follow any responses to this entry through the RSS 2.0 feed.