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

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Thursday, July 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 decreased 0.4 percent in June, seasonally adjusted. This decline followed increases of 0.2 percent in May and 0.8 percent in April. Prices for finished goods less foods and energy moved up 0.3 percent.

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