Inflation seriously on the rise , no matter how you slice it

Inflation is seriously on the rise , no matter how you slice it says Kudlow and he explains why with charts and numbers


We are talking about the Bernanke sea of liquidity, gold, silver and oil prices rising today. i submit we have an inflation problem in this country says Kudlow we have more evidence coming out today with the producer price report. " no matter how you slice it, inflation is seriously on the rise. I have looked at this thing left, right and center. first of all, we are going to measure this. ppi went up 0.7% today. on a three-month basis we are holding. this is not good. we are now holding at around 12% to 13% at an annual rate over three-month periods. this is not good. we were down around 0% a year ago. you can see the move. you can see the move. this is the total ppi. next up. you want to look at the core ppi? you want to be dumb enough to take out food and energy prices? fine. check this out. same story. three-month annualized rate. we are running now at about 4.5%. this is excluding food and energy which is a dumb thing to do. business is at wholesale pay food and energy prices for their inputs, whatever it is they are doing. here we are again. the core ppi. now, next up, inside the producer price index, a lot of people missed this. consumer goods. consumer goods component feeds right into the consumer price index on the cpi. and here, too, look at the upward turn. we are now running about 15%, 16.5% for the latest three months including march. today consumer goods are up 0.8%. this goes into the cpi. " says Kudlow