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Super Brief: PPI Just Screamed What CPI Whispered — Super Brief
Published 1 month, 1 week ago
Description
PPI Just Screamed What CPI Whispered. April PPI surged 1.4% month-over-month. The consensus estimate was 0.5%. That is not a miss. That is a factor of three. Nearly 60% of the gain came from services, not energy, which means the inflation is generating its own momentum independent of the oil shock. Wages, rents, and professional service