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Good News, PPI Declined; Bad News, 80% Of The Decline Was From Gas Prices: The Big Point

Professor Glenn A. Okun

The Rabid Capitalist: The Big Point is a brief summary of a detailed note available to paid subscribers.

U.S. producer prices fell by .5% last month, the largest decline in over three years. Unfortunately, it is not compelling evidence of disinflation since the majority of the decline was the result of falling gas prices.

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