Ann: Half Yearly Report and Accounts, page-240

bugger did not happen. Retail Sales were poor but not poor enough end the Cont. Jobless claims came good even though it may still mean they were poor and just many people gave up applying for jobs. I am surprised gold held as high as it did actually as I thought the data was bad (good) enough to press POG down to below $2150.

PPI is important but would not have been as important last night. I am purely talking about last night not overall over longer periods - just to be clear.

Easiest way to understand PPI is if one sees it as producers' ability to pass the inflation on their customers (retail shops, other producers, end users etc) and CPI to pass that inflation directly to the end user.
If PPI goes down while inflation still stays high it means producers are not able to pass that inflation down the chain and means lower profit margins which means job losses in near future.