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Here are two overlays of headline and core PPI, which are the seasonally adjusted numbers for Finished Goods. The first shows the month-over-month percent change since 2005. Today's numbers for October, 0.4% headline and -0.6% core, were significantly lower than forecast (0.8% and 0.1%, respectively). At least in the short term, the decline in PPI will be seen by some market analysts as justifying the latest round of quantitative easing. See the full PPI news release here.
Here is a snapshot of the cumulative percent change in headline and core PPI since January 2000, the better to see the longer-term trend. As the for the 2008 spike in headline PPI, remember the price of gas in the summer of 2009?
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