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Hidden In The PPI Data Was The Largest Food Price Spike In 26 Years

 
Anonymous Coward
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04/22/2010 12:47 PM
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Hidden In The PPI Data Was The Largest Food Price Spike In 26 Years
get ready stagflation here we come

March wholesale food price increase annualized is around

30%


food and fuel going up


things you dont need : going down








Hidden In The PPI Data Was The Largest Food Price Spike In 26 Years


Vincent Fernando, CFA | Apr. 22, 2010, 12:04 PM | 358 | 6

Food prices are volatile, but this move can't be ignored given its historical significance:

Econompic:

Excluding often-volatile food and energy prices, the core PPI increased 0.1% in March and is up 0.9% compared with a year earlier. The big story in the March PPI was wholesale food prices, which rose 2.4%, matching the biggest gain in 26 years. Prices of fresh and dried vegetables soared 49.3%, the most in 16 years.


The PPI breakdown courtesy of Econompic below.



Read more:

[link to www.businessinsider.com]

News








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