China PPI falls into deflationary territory. pic.twitter.com/68nFthqTdO
— Eric Basmajian (@EPBResearch) August 9, 2019
Core PPI decelerates to 2.10% pic.twitter.com/rRr72d79Xz
— Eric Basmajian (@EPBResearch) August 9, 2019
US PPI Ex. Food, Energy & Trade decelerates from 2.1% to 1.7% pic.twitter.com/nGTiSHXxuE
— Eric Basmajian (@EPBResearch) August 9, 2019
UK GDP contracts in Q2 pic.twitter.com/J2fRyUmcNo
— Eric Basmajian (@EPBResearch) August 9, 2019
Okay, jokes aside, here are the details of CPI & PPI.
CPI: Food up 9.1% YoY & non-food only 1.3% (oil/transport down). Basically core CPI is down so food is a huge source of inflation.
PPI: Raw materials, manufacturing and durables CONTRACTING.
Real economy is slowing👇🏻👇🏻 pic.twitter.com/FJcfNPzmr9
— Trinh (@Trinhnomics) August 9, 2019