Misreading the Inflation Data

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.’

To continue reading this article you must be a Bloomberg Professional Service Subscriber.