Tuesday, October 20, 2009

Producer Prices Fall

The Producer Price Index for Finished Goods declined 0.6 percent in September, seasonally adjusted, the Bureau of Labor Statistics reported today. This decrease followed a 1.7-percent rise in August and a 0.9-percent decline in July.

The PPI is the most sensitive of the price indexes to Fed money printing, and thus also generally most volatile. Over the last 12-months the PPI is down 4.8%.

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