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IPFS News Link • Inflation

Peter Schiff: We're In The Eye Of The Inflation Hurricane

• Schiff Gold

On Tuesday (Nov. 15) producer price data came out, and like CPI, it was below expectations. PPI was up just 0.2% versus expectations of a 0.4% increase. Core PPI charted no monthly increase in October.

Now, of course, all of these are still strong numbers, with the exception of the x-food and energy month-over-month, which was flat. But just looking at the increases, we still have a big inflation problem even if these numbers seem to indicate that the inflation problem is going away. It's not."