Wednesday, September 14, 2011

PPI Flat in August

Prices for finished goods remained unchanged (0%) in August, following a 0.2% rise in July according to the Bureau of Labor Statistics’ Producer Price Index. Expectations were for a decline, like the one seen in June, that would have been only the second negative reading in 14 months. Currently prices are up 6.5% from this time last year.

The finished foods index jumped again, more than making up for a plunge in energy prices. Inflation in core goods prices slowed substantially and inflation at earlier stages of production continues to moderate.

Read the report.

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