Headline PPI Holds Steady in July, but Core Price Pressures Persist - SchiffGold.com
Headline PPI Holds Steady in July, but Core Price Pressures Persist - SchiffGold.com
Source: SchiffGold.com
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DW NOTE
The Strait of Hormuz has been shut since February, oil hit triple digits last month, and the 10-year yield has climbed 109 basis points in thirty days. Anyone calling July's PPI print "steady" is reading the wrong dashboard — energy shocks don't show up in headline indices until the imported inflation works through. Core persistence isn't the risk; delayed recognition is.