Today's Ugly PPI Inflation Report Is Further Confirmation That Trump Is A Titanic, Vainglorious F*ck Up [View all]

Hopium Chronicles By Simon Rosenberg


Friends, we got another bad economic report this morning - one of the three main inflation gauges, the Producer Price Index, came in way above expectations in February. Here’s CNBC:

Wholesale prices rose sharply in February, providing another sign that inflation continues to percolate even aside from rising energy costs.

The producer price index, a measure of pipeline costs that producers receive for their products, increased a seasonally adjusted 0.7% on the month, the Bureau of Labor Statistics reported Wednesday. Excluding volatile food and energy costs, the so-called core PPI increased 0.5%.

Economists surveyed by Dow Jones had been looking for increases of 0.3% for both measures.