That's right, if you break down the numbers, add in all things inflationary, you come up with the "Same Ole Stuff".
As for the PPI numbers released yesterday, Barry Ritholtz at "The Big Picture" (www.bigpicture.com), did an excellent job of breaking down the PPI hype. Click here to read what he had to say- Ritholtz PPI
Today, the July CPI number came in at +0.4%, while the Core rose +0.2%. Since these numbers exclude many of the items consumers spend their money on, it is not reliable.
Here is Ritholz' take on why the PPI and CPI are driving the market higher (a good read);
