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

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Wednesday, March 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 increased 1.6 percent in February, seasonally adjusted. This rise followed advances of 0.8 percent in January and 0.9 percent in December. The index for finished goods less foods and energy rose 0.2 percent.

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