|
Unless otherwise indicated, the material below has not been prepared by Van Eck Associates Corporation or HardAssetsInvestor.com.
Neither assumes any liability for any content on a third party website or material prepared by a third party. |
Brad's Desktop
|
PPI Develops A Sinking Feeling |
|
Written by Brad Zigler
|
|
Wednesday, 15 October 2008 13:08 |
|
Wholesale prices throughout the supply chain have fallen off the inflationary wagon, according to the U.S. Bureau of Labor Statistics. The Producer Price Index for finished goods slipped 0.4% last month, following a 0.9% decline in August. Prices received by producers of intermediate goods fell 1.2% after decreasing 1% a month earlier. Crude goods prices also declined 7.9% in September, on the heels of an 11.9% dip in August. Producer Price Index Readers of this column shouldn't be surprised by these numbers. It's not that we didn't see this coming. After all, we've got a real-time yardstick that allows us to measure inflation and deflation (see "Computing Inflation In Real Time"). The deflation in wholesale prices was presaged by a reversal in monetary inflation that began earlier this year. Monetary Inflation Vs. Gold Price After this, tomorrow's release of Consumer Price Index numbers - and our own Breakfast Index readings - ought to be anticlimatic, right?
|
Terms of Use
The HardAssetsInvestor.com message board and comment features are designed to facilitate thoughtful discussion of the biggest issues impacting commodity investors. All comments should be respectful. Insults and profanity are not permitted. The editor reserves the right to remove comments at his/her discretion.
Related Articles »
|
Commodities Data
January 05, 2009 11:48 PM EDT
Gold Monthly OHLC
 Loading data ...
Weekly Commodities Poll
Related Articles »
|
|
