Loading ...Producer Prices Rise Again Driven By Surge In Energy Costs
Submitted by Tyler Durden on 07/15/2015 – 08:49 
If low oil pries are great for America “unequivocally,” then the continued surge in Energy costs (+2.4% MoM in June) must be [fill in the blank]? PPI Final Demand rose 0.4% MoM – near the fatest pace in 3 years (beating expectations of a 0.2% rise) but fell 0.7% YoY. The huge gap between core and headline PPI continues to grow with PPI Ex Food and Energy rising 0.8% YoY, its first acceleration in 2015.
Course inflation is bad for pm’s…