PPI Release

The producer price index (PPI) was released today for the month of January, higher than expected jumps in the price of energy caused the index to rise 1.4% on a month to month basis. Core PPI excluding energy and food prices, jumped .3%, significant, but not to the point where inflation should be a considerable worry yet. Analyst forecasts predicted a .1% jump in core PPI. Below are a couple of charts via Bloomberg showing a trend in the month to month and year over year PPI numbers.

Or I guess one chart, since the other won't post currently... I'll work on getting it up in the morning.

Hooray! Two charts!