AP Photo/Alex Brandon We hear a lot about the consumer price index (CPI) when it comes to inflation. But there’s another number that’s important — that’s the producer price index (PPI) which measures inflation from the perspective of costs to industry or producers of products. Because it’s measuring the costs to the producers of the products before they get to the consumers, it’s often thought of as an earlier indication of where inflation is going than is the CPI.
Today, the news on the PPI numbers is not good.
Wholesale prices in November rose at the quickest pace on record, increasing […]
Read the rest of this story here: redstate.com
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