Inflation Watch (Aug-Sep 2009)

Inflation Watch (Aug-Sep 2009)

 

U.S. August producer-price index rose 1.7%
Core rate up just 0.2% in August

U.S. producer prices rose 1.7% in August, the Labor Department reported Tuesday, powered by the biggest gain in energy prices since November 2007.
- full article

Wholesale-level inflation was surprisingly strong.
Also, U.S. producer prices rebounded sharply last month on the back of rising gasoline and other energy costs, though core prices posted only a slight gain. Price pressures deeper in the production pipeline moved up, as well, suggesting the possibility of higher prices down the road. The producer price index gained 1.7% in August, while core wholesale prices climbed 0.2%.
- Wall Street Journal

 

How to profit from rising inflation in the US
- Buy Commodity based ETFs (read our Investor Alerts)
- Buy Silver ETFs (SLV)
- Buy Gold ETFs (GLD)

 

 

Victor Lloyd Smith

Millennium Lyon Asset Management