Inflation

Core Inflation Contained. Consumer Sentiment down Slightly.

PPI (June 2013) – PPI Month/Month (overall) +0.8%. Previous was +0.5% – PPI Year/Year (overall)   +2.5%. Previous was 1.8% – PPI Month/Month core (less food & energy) +0.2%. Previous was +0.1% – PPI Year/Year  core (less food & energy) +1.6 %. Previous was +1.6% Overall was up because of increased energy prices.  Core was +0.2%

Core Inflation Contained. Consumer Sentiment down Slightly.

PPI (June 2013) – PPI Month/Month (overall) +0.8%. Previous was +0.5% – PPI Year/Year (overall)   +2.5%. Previous was 1.8% – PPI Month/Month core (less food & energy) +0.2%. Previous was +0.1% – PPI Year/Year  core (less food & energy) +1.6 %. Previous was +1.6% Overall was up because of increased energy prices.  Core was +0.2%

Jobless Claims down, Retail Sales Modestly Recover, Inflation Contained.

Jobless Claims (week ended 12/8/2012) New Claims – 343,000. Previous week was revised down to 372,000. 4-week Moving Average 381,500 Unadjusted New Claims were 428,814 down 72,117 from the previous week. Claims have decreased for 4 consecutive weeks. Initial Jobless Claims data has been distorted: 1) Sandy 2) Christmas hiring and 3) seasonal layoffs due