Today's core wholesale price report breaks the nine-month-string of producer prices increasing year over year at 3% or more, but as always there will be revisions

 Here are the current June 2025 yoy figures for core producer price increases Dec-Jun, followed by the figures reported the previous month, followed by the figures as originally reported:

December 2024: 3.74%, 3.74%, 3.5%

January 2025: 3.92, 3.92, 3.6

February 2025: 3.73, 3.74, 3.4

March 2025: 3.86, 3.91, 3.3

April 2025: 3.13, 3.18, 3.1

May 2025: 3.20, 3.02 (revised up as predicted)

June 2025: 2.60.

 

The optimism of the original figures has been removed by the revisions to Dec-Mar available only but lately.

 

December and January revisions alone still hold fast today, but not thereafter.

 

As always it is important not to press the monthly results too strongly, but the May revised uptick is consistent with a down-up, down-up, down-up pattern which is obviously trending down.

 

Viewed on a semiannual basis, however, we are Wei Tu Hai, and trending Wong Wei Charlie.

 

 

 

 

Stereotypical Federal Spending Wei Tu Hai

Federal outlays from fiscal 1985 through 2012 are up 274%, from $946.3 billion in 1985 to $3,537.1 billion in 2012. Federal receipts have lagged those outlays, however, up only 234% over the period, resulting in a net addition to deficits in nominal terms of $9.08 trillion as of the end of fiscal 2012, exploding the national debt. The political argument has been whether the taxes were insufficient to cover the spending, or the spending too high given the taxes. But in 24 of those 27 years there were annual deficits, each a message that Sum Ting Wong. Many Democrats shrugged and answered on taxes "Wi Tu Lo". Republicans looked at all that spending and said "Ho Lee Fuk, spending Wei Tu Hai". And now that we are $17 trillion in the hole the people say "Bang Ding Ow". But will they demand a cut to spending? No Fuk Hing Wei. Nao Tu Suun, they will say, as always. Po Ni up Tai Ni Sum later, maybe, but No Like Lee. Besides, Ri Li No Won Tu, anyhow. No Fun. Rather Tai Wan On.