Monday, December 08, 2008
Producer prices - weak but not collapsing
Posted by David Smith at 10:30 AM
Category: Thoughts and responses

Amid all the talk of deflation, the latest producer price numbers were interesting. While very weak, this is mainly an oil story. "Core" producer output prices excluding food, energy, etc., actually rose by 0.2% on the month in November and are still up by 5.1% on a year earlier, which was a slight increase on October's 5%. Details here.