PPI: Smoking (AGAIN)

by Karl Denninger, Market Ticker: Oh my look what we have here! The Producer Price Index for final demand increased 0.8 percent in May, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This rise followed advances of 0.4 percent in April and 1.6 percent in March. (See table A.) On an unadjusted basis, final demand […]

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