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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: zonder who wrote (15906)	11/16/2004 9:14:38 AM
From: Knighty Tin	Respond to of 116555

Let's see what the excuse President has to say to the ignorati about this number.

To: zonder who wrote (15906)	11/16/2004 9:39:31 AM
From: mishedlo	Read Replies (1) \| Respond to of 116555

Actually, yes. Watch next months drop like a rock however. Rising oil prices are deflationary in this environment IMO. Mish

To: zonder who wrote (15906)	11/16/2004 9:40:06 AM
From: mishedlo	Read Replies (1) \| Respond to of 116555

U.S. Oct. PPI surges 1.7%, most in 14 years By Rex Nutting WASHINGTON (CBS.MW) -- U.S. producer prices increased 1.7 percent in October, the fastest rate in 14 years, the Labor Department estimated Tuesday. Most of the inflation in finished goods prices came from volatile food and energy categories. The core rate, which excludes food and energy, rose a more moderate 0.3 percent for the second straight month. The headline figure stunned Wall Street economists, who were expecting a much milder 0.6 percent gain in the producer price index and a 0.2 percent rise in the core rate. The PPI is now up 4.4 percent in the past 12 months; the core rate is up 1.8 percent in the past year.