Summary

On back-to-back days last week, the Labor Department released reports on producer price and consumer price behavior during April. These releases served to make a larger (and ever growing) number of people I know even more "irritated" (euphemism for materially stronger emotions couched in much worse language) about being preached to about "core" inflation. http://www.gillespieresearch.com/cgi-bin/s/article/id=563