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Politics : Ask Michael Burke

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To: RealMuLan who wrote (43218)1/13/1999 2:12:00 PM
From: gbh  Read Replies (1) of 132070
 
Actually, I couldn't tell you what is or isn't included in the core PPI. All I know is that CNBC said this morning that the core PPI rose 1%. Yes, 12%/year. If that were the whole story, you guys would have your BK.

But it wasn't. If cigarette prices were removed, the core PPI actually was minus .1%.

So inflation is dormant.

As for food prices, I know that by me, they are not rising, but prices at the pump are slightly.

Gary
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