Tuesday, July 15, 2008

Inflation: PPI 9.2%

Year over year wholesale inflation continues to gather steam and head higher. At 9.2%, inflation is far from defeated. While the Fed may choose to ignore the effects of its monetary policy, wholesale buyers can't! As manufacturers begin to increase their prices, consumers will begin to see even higher inflation this fall and winter. Inflation is rearing its ugly head, and its getting more and more bold with each peek out from behind its hiding place!