Two Guilty Pleasures for Inflationary Times

In the last 24 hours, we've gotten the latest snapshot on inflation, and it isn't pretty. Yesterday, we learned that in the U.K., the Office of National Statistics recorded an annual inflation rate of 5.2% in September, which not only topped the 4.9% rate forecasted by economists but was also hotter than the 4.5% delivered in August.

This morning, in the U.S., the Bureau of Labor Statistics released its domestic producer price index (PPI) for September, which, much like that for the U.K., was hotter than expected, coming in at +0.8% for the month. Again, as with the September U.K. data, our September PPI was ahead of expectations for the month and up significantly from August. ...527 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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