Wednesday, August 14, 2013

It's The Economy Stupid: PPI

Okie dokie, mortgage applications were down for the week of August 9th.  PPI was unchanged for the month of July.  Take away food and energy prices and PPI was up 0.1%.  PPI annual number was up 2.1%, which was much lower than economists’ expectations of 2.4%.  So this is more economic data showing that inflation is not currently a problem for the economy (at least not the way the government currently measures it).



John Broussard

Assistant State Treasurer

Chief Investment Officer

State of Louisiana

Department of the Treasury



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