Rampart Portfolio Partners LLC - MDEF Investing The Unexpected Producers Price Index Print The article below should be titled: Inflation: Higher by Several Factors ... Todays PPI print of .5% for the month of March was unexpectedly high. Hence the question: Will inflation accelerate? Probably, but not rapidly, said Joel Naroff, chief economist at Naroff Economic Advisors in Holland, Pennsylvania. Growing demand should stabilize prices, but the economy is not strong enough to cause inflation to pick up very much. My response to Nardoffs statement is ask what planet this man lives on? How long can producers produce and NOT raise prices as the cost to produce continues higher with the Inflation that is already in the system? This should not be a puzzle to anyone who shops. But he continues: Economists had expected prices received by the nations farms, factories and refineries to gain only 0.1 percent in March. Some were puzzled by the increase. Heres the whole article:
Posted on: Fri, 11 Apr 2014 20:52:23 +0000
Trending Topics
Recently Viewed Topics
© 2015