Elevated PPI Is a Bad Sign for Consumers and Inflation – Californianewstimes.com

Last week, Labor Statistics Bureau report The Consumer Price Index (CPI) recorded a significant 5.4% year-on-year increase in July. But the economist wasn’t worried. They said 5.4% was the same increase seen in June, meaning inflation was not accelerating. They added that, excluding food and energy, the CPI rose only 4.3% compared to July last …