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

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Tuesday, June 14, 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 0.2 percent in May, seasonally adjusted. This advance followed increases of 0.8 percent in April and 0.7 percent in March. The index for finished goods less foods and energy moved up 0.2 percent.

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