Scribbles

[Bryan (a.k.a. Bryan)]

Inflation...... What inflation?

October PPI -1.6%, Core (Excl food & energy) -0.5%

As expected, energy was the biggest loser last month (good!).


Dismal Scientist
Inflation remains absent from the economy, as the Producer Price Index dropped by 1.6% in October compared to the previous month. Sharply lower energy prices contributed to the drop. The core index, excluding the more volatile items food and energy, decreased by 0.5%. The decline in both indices has exceeded expectations, which called for a more moderate drop.
http://www.dismalscientist.com/dismal/dsp/release.asp?r=usa_ppi

WASHINGTON, Nov 9 (Reuters) - U.S. Labor Department monthly producer price index (1982 equals 100, except where noted):

 
                            Seasonally Adj   Unadjusted   
                              Oct    Sept      Oct01/00   
  Finished Goods             -1.6     0.4      -0.4   
   Less Food, Energy         -0.5     0.3       0.8   
   Consumer Foods            -0.4     0.2       2.8   
   Energy Goods              -7.7     0.9      -9.5   
   Finished Goods Index     139.6   141.7       N/A   
   Residential NatGas        -6.0    -5.0     -13.1   
   Gasoline                 -21.2     6.3     -21.3   
   Heating Oil              -20.9     4.5     -30.2   
   Tobacco Products          unch    unch      10.8   
   Passenger Cars            -4.7     1.3      -2.4   
   Capital Equipment         -0.7     0.1      unch  
   Pharmaceutical Preps      unch     0.4       N/A   
     
    
  Intermediate Goods         -1.5     0.1      -2.4   
   Less Food, Energy         -0.4    -0.1      -1.2   
   Manufact Materials        -0.5    -0.2      -1.9   
   Construction Materials    -0.3    -0.1       0.1   
   Intermed.Energy Goods     -7.6     1.0     -10.8   
    
  Crude Goods                -9.1    -4.1     -25.0   
   Less Food, Energy         -1.7     0.2     -10.8   
   Food/Feedstuffs           -2.6     1.1       5.2   
   Nonfood Materials        -13.8    -7.6     -39.1   
   Energy Materials         -19.2   -10.7     -48.1   
   Petroleum                -19.6     0.1     -36.2