Friday, September 12, 2008
5:42AM PDST MORE BULLSHIT REPORTS
Producer prices drop 0.9% in August; 'core' rate up 0.2%
By Jeffry Bartash
WASHINGTON (MarketWatch) -- U.S. producer prices fell a steeper than expected 0.9% in August, the Labor Department reported Friday, helped by lower energy costs. The decline follows on the heels of a sharp 1.2% gain in July. Excluding food and energy, "core" producer prices rose 0.2% last month. Analysts polled by MarketWatch were predicting a decrease of 0.4% in overall PPI and a 0.2% increase in the core rate. Producer prices are up 9.6% over the past 12 months.
And yet the immediate headline on MW just below this says"
"U.S. core producer prices increase 9.6% over last 12 months"
TALK ABOUT USING "WORDS" FOR EFFECT!