Producer Price Inflation Higher On Spiking Food And Energy; Those Who Don't Eat Or Drive See No....

Zero hedge ^

[Perdogg]

In a country in which nobody eats or drives any more, the Fed construct knosn as September core PPI came in 0.0%, on expectations of a 0.2% increase. Of course, for those lucky few who still eat, or drive, or in rare cases eat and drive, saw Producer Prices rise by 1.1% on expectations of a 0.8% increase, which despite dropping from August's 1.7%, this was still the second highest monthly increase in the past year. Also, for those few who actually care about such trivia as food and energy prices, this was the 4th month in a row of higher than expected headline PPI. Luckily, in America, eating has now been hedonically adjusted to the functional equivalent of playing Apple's bestselling $0.99 iFood app.

[WVKayaker]

Inflation has already caught up in the App Store.

iFoodplus is listed at $4.99 (just curious if there was a real app!)

[subterfuge]

I haven’t given up eating entirely under the obama economy. I just eat cat food now. Glad to do my part for the collective.

[JIM O]

Thank god all the higher prices only hit the upper income classes. Obama and goofy Joe would have quite a bit of trouble explaining to low and middle income groups why gas and food was taking up such a large increased portion of their income if they ate or drove or used any consumer products.

[khelus]

Interesting that how successful the Fed is in achieving one of its mandates, stable prices is measured by core inflation that has had two of life’s necessity removed (food and energy)

[ridesthemiles]

This is to keep Obama from having to give those on Social Security any COL increase this coming year.