top of page
If You Haven't, Try Our Daily Grain Market Reports FREE for 30 Days!

Tidbits, April S&D, Inflation, Ukraine, Export Sales 4/12/24

Tidbits


Yesterday morning, the US Bureau of Labor Statistics reported inflation at the wholesale level in March was up 0.2%; the market was expecting the Producer Price Index (PPI) to be up 0.3%. However, there is a credibility problem.

 

What would you say gasoline prices did in March? Yep, the American Automobile Association (Triple A) reported the price of gasoline in March increased 6.3%. However, the gasoline component of the government’s PPI reported the "seasonally adjusted price" of gasoline was down 3.6%. What this teaches us it is very easy to control inflation, just lie about it. Of course, such PPI numbers justify lower interest rates, which gets votes.


We found a chart comparing food and wages inflation past years, some details are in author’s blog:


Argentina’s Central Bank cut its interest rate yesterday by 10 percent points! It is now “just” 70%. Elections do have consequences.

Want to read more?

Subscribe to wrightonthemarket.com to keep reading this exclusive post.

Recent Posts

See All

コメント

コメントが読み込まれませんでした。
技術的な問題があったようです。お手数ですが、再度接続するか、ページを再読み込みしてださい。
bottom of page