Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.
+1 212 318 2000
Europe, Middle East, & Africa
+44 20 7330 7500
+65 6212 1000
Posted by: Michael Mandel on August 19
I figured I’d do the previous post a different way. Today’s PPI report contains data on both goods and services. The only one that anyone ever quotes is the goods side of the economy. But here’s both on the same chart. The top line is the year over year change in the PPI for finished goods, less food and energy. The bottom line is the year over year change in the PPI for the ‘traditional service industries.’
Based on this chart, is it more correct to say that a)inflation is accelerating or b) inflation is decelerating?
(you can tell that I’ve spent too much time finishing up my textbook).
Just for fun, here’s another chart. This is the year over year change in hourly earnings, based on all employees (the new index from the BLS). I don’t see any inflation here either.
Michael Mandel, BW's award-winning chief economist, provides his unique perspective on the hot economic issues of the day. From globalization to the future of work to the ups and downs of the financial markets, Mandel-named 2006 economic journalist of the year by the World Leadership Forum-offers cutting edge analysis and commentary.