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Economic News, Data and Analysis

PPI – Deflation in producer goods

Producer price data was released today showing deflation, year-over-year, of 1.9 percent.

Producer Price Index News Release text
The Producer Price Index for Finished Goods rose 0.1 percent in September, seasonally adjusted, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. This index showed no change in August, after falling 0.2 percent in July.
–snip–
From September 2001 to September 2002, prices for finished goods dropped 1.9 percent. During the same period, the index for finished consumer foods fell 3.1 percent and prices for finished goods other than foods and energy dropped 0.4 percent. The finished energy goods index declined 6.5 percent for the 12 months ended September 2002. Earlier in the pipeline, prices for intermediate goods fell 0.5 percent and the crude goods index increased 0.8 percent.
–snip–

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