Producer Prices in the US (less the all important food and energy - which no on
uses) fell 0.2% month-over-month - the biggest drop since July 2013 -
and missing expectations of a 0.1% rise. This is only the third month
of 'disinflation in the last 18 months. Perhaps even more relevant is the
dramatic slowdown in prices for final demand services which dropped 0.3% (the
biggest drop since May 2013) and equal slowest rise year-over-year since
the 'recovery' began.
Read more: http://www.zerohedge.com/news/2014-03-14/core-inflation-drops-most-9-months
Friday, March 14, 2014
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