Huge PPI jump confirm the theory that China is the main source of low inflation in US in last 10 years -- China's export is responsibile for the low consumer prices in US -- low CPI, while PPI is less related to China, and you see such terrible jump.

Another emperor's new clothes... The Fed and Bernanke are really nothing to do with the low inflation in US, it's China that matters. But few analysts or politicians here are willing to say that -- which can lead to gross misjudgment.