Article
Core Producer Prices Cooler Than Expected In April, Goods Costs Jump Most On Record
Core Producer Prices Cooler Than Expected In April, Goods Costs Jump Most On Record
After yesterday's mixed bag from consumer prices (headline in-line but core cooler than expected and goods deflating), US Producer Prices were expected to keep accelerating higher (on a YoY basis) in May and they did... by more than expected.
Headline PPI rose 1.1% MoM in May (much hotter than the 0.7% MoM exp) but April's 1.4% MoM rise was revised down to +1.1% MoM. This left producer prices up 6.5% YoY (vs 6.4% exp and up from...
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Authored by Mollie Engelhart via The Epoch Times,
This week, I was talking with one of my neighbors, a good man who raises hay and runs a cow-calf operation. As we discussed different approaches to grazing and pasture management, he laughed and called some of my ideas "fantastical fairy tales." We both laughed.
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