"Economists are pessimists: they've predicted 8 of the last 3 depressions."
--Barry Asmus

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Wednesday, February 16, 2011

Producer Price Index News Release

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The latest Producer Price Index news release (http://www.bls.gov/news.release/pdf/ppi.pdf) was issued today by the Bureau of Labor Statistics. Highlights are below.
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The Producer Price Index for finished goods rose 0.8 percent in January, seasonally adjusted. This advance followed increases of 0.9 percent in December and 0.7 percent in November. The index for finished goods less foods and energy moved up 0.5 percent.

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