Is the Producer Price Index a Good Number?

The producer price index is how much the producers are paying to produce it. It's less manipulated than the c p l number the government produces. But also, if it costs producers to more to produce something, then it's going to also cost you more to buy that thing. And they are going up like a set 11 point two % from a year ago, which is just insane. Now what they do, as they say, will if we strip out what we call cor, the core p p i, or cor c p i, cor takes out food and energy. The reason why is because those are things that have gone up most in recent years.