MARIA BARTIROMO (ANCHOR): We have breaking news right now, and a spike in the producer price level of inflation. Take a look, markets are selling off here because the July PPI came in up nine tenths of a percent, worse than estimated up two tenths of a percent.
This is the headline number, it was expected up two tenths, came up nine tenths of a percent.
Year-over-year, it is up 3.3%, versus an estimate of up 2.5%.
Now, when you look at core, it’s also troubling, because in the core, PPI, it was up nine tenths of a percent versus an estimate of two tenths of a percent.
Year-over-year, the core up 3.7%, also higher than the estimated expectation, which was up 2.9%.
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