Skip to comments.Producer Price [Wholesale Prices] Index Falls Unexpectedly In May
Posted on 06/13/2014 4:05:59 PM PDT by BenLurkin
The decline was unexpected. Economists polled by MarketWatch had predicted a 0.1% increase in the PPI after a 0.6% gain in April and a 0.5% rise in March. The price of goods fell 0.2% in May led by a drop in the wholesale cost of energy. The price of services also decreased 0.2%. Personal consumption, a new index designed to foreshadow changes in the consumer price index, fell 0.2% in May.
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>> The decline was unexpected.
Don’t know about wholesale, but my view is that NOTHING is getting cheaper at the retail level.
At least nothing that I buy.
Motor oil that was $1.50/qt a couple yrs ago is $3 bucks or more now.
2 dollar milk (now 3.50) doesn’t seem that long ago.
24 can Coke was $4 bucks at WM 2 yrs ago, now $7.
And if it isn’t the price is the packaging. I had a coupon so I bought some cheese sticks for a snack. They have turned deception into an art form. The little transparent window is there - yep, there are some cheese sticks in there, and yes, they look thinner than they used to be. Then you open the bag the length of the sticks has decreased to little more than that of a cigarette. I’ll spare you the rant about boxes of crackers (remember when a roll of Ritz crackers was substantial?). The inflation in food prices is incredible.
And of course the MSM is all over this story....right....
or govt subsidies were poured on them to drop prices
when they print the money, or just invent it online, it’s really not a problem
“The price of goods fell 0.2% in May led by a drop in the wholesale cost of energy.”
That should be expected for this time of year.
Well, that was fun while it lasted...and that, folks, was Recovery Summer 5.0! Thanks for playing!!!!
How can this be? What about all the hyperinflation from money printing all the FR economists have forecasted? I’m just confused as to how everyone here missed it...unexpectedly.
ROFL! The MSM obviously has no idea how stupid they make themselves look when they continue to call logical outcomes as "unexpected."
The price of goods fell 0.2% in May led by a drop in the wholesale cost of energy.
Iraq turned that around.