PPI Final Demand rose 1.9% year-over-year (its 2nd highest in a year) as it appears Janet Yellen’s transitory “noise” just won’t go quietly into the night (though has fallen for 2 months in a row). While the headline print was not helped by a 2.1% surge in fuel prices, Core PPI (ex Food and Energy) rose more than expected (at 1.8% vs 1.7% expected) holding near its highest since Dec 2012.
via Zero Hedge http://ift.tt/WabbIX Tyler Durden