‘Transitory’ – Core Producer Price Inflation Falls Back Below Fed Mandate

With The Fed convinced any downturn in inflation is ‘transitory’ – due to wireless carrier discounting, or oil ups and downs – today’s Core PPI fell back below the ‘mandated’ 2.0% level after one brief shining month above it. Producer prices ex food and fuel rose just 1.9% YoY, slowing from last month’s 2.1% rise.
This is the 3rd time in5 years that Core PPI has managed just one month above The Fed’s mandate and faded…
Under the covers shows some interesting standouts…

This post was published at Zero Hedge on Jul 13, 2017.