This article is essentially about the PPI, the producer price index. But then there's the CPI, core inflation, unprocessed goods, whole goods prices, a new index just invented that tracks the price of goods and services meant to be sold to consumers and a whole host of other indicators economists like to play with to try to get a handle on real (Sorry, we didn't mean to confuse by using an economic term!) inflation.
Bottom line: this is just so much economic masturbation. Sad to say, it will be around as long as economists are around. Most of it is grounded in two not so secret secrets: they haven't got a clue and the need to keep the natives from getting restless.
This economic mumble-jumble shares a commonality with the psychiatry fraternity. If you loaded both groups on a huge barge, floated it out in to the deep blue sea and blew it up, nothing would be any different. So much for two of society's best hedgers.
So here's the link. Read it and decide for yourself. Just know there's much more inflation lurking in the shadows than they want you to realize.
http://www.marketwatch.com/story/us-wholesale-prices-rise-sharply-in-march-2014-04-11?dist=countdown
UPDATE
Last year we had a hard drought. Farmers took their stock to market early owing to unaffordable corn or feed prices. A similar situation happened in the hog market. One can rotate crops and plant more of one thing much easier than rotating pigs and cows.
If you like sausages and deli meats, here's an update about how your consumption pocket is now being picked. We live in an age of government spying nonpareil, the biggest, latest satellites, drones and computers, but food and energy prices are too volatile to track accurately courtesy of your Federal Reserve and government bureaucrats.
http://blogs.wsj.com/economics/2014/04/11/no-baloney-sausage-deli-meat-prices-surge/?mod=WSJ_hpp_MIDDLE_Video_second
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