Bending the Third Rail
Because We Should, We Can, We Do
Tuesday, December 19, 2006
Inflation Watch
So much for no inflation:
PPI -- the prices for finished goods, not raw materials -- leapt 2% in November, the greatest gains in 32 years (November 1974). Core PPI excluding food and energy swelled 1.3% -- highest since July 1980, erased the 0.9% drop last month.

The numbers were significantly above Wall Street median forecast 0.7% month-on-month increase (0.3% core rise).