Thursday, April 14, 2011

BLS: Producer Price Index Up 5.8% Year-Over-Year

On an unadjusted basis, prices for finished goods moved up 5.8% for the 12 months ended March 2011, the Bureau of Labor Statistics is reporting.

This is the second month in a row that the BLS is reporting year-over-year inflation greater than 5.0%. The February rate came in at 5.6%.

Even more alarming, for the 12 months ended March 2011,  prices for intermediate goods climbed 8.9%.

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