The Peter Shiff Show.

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Well earlier today we got the government's measure the official measure of

inflation the C. P. I for the month the

C. P. I for the month of July was released. You know, it's kind of like if your kids were

allowed to grade their own report cards and then they brought them home to show you what a good job they were doing at school.

The government should not be calculating inflation when the government A creates the inflation, but B has

invested interest in under reporting that inflation to the public. So you always take the

C. P. I. with a grain of salt. In fact, if you want to get a more

accurate measure just as a rule of thumb, double whatever number the government reports and that's probably a lot closer to

the actual number than the the number that is released but before I talk about

the CPI that came out today released but before I talk about the

CPI that came out today I want to talk about the

PPI that came out yesterday because that number was actually a little bit better than the markets had expected.

And maybe that raised some hopes that the

CPI that came out today would have also been better than expected.

So the expectation for producer prices was for an increase of 0.2, which actually would have been the same

as the prior month. And instead prices rose by 0.1, so slightly better.

The year over year number was supposed to be 2.6,

which would have matched the 2.6

...