Data Digest: Wholesale costs inch up for second month
Producer Price Index
The numbers: The index increased 0.4 percent in August for the second month. It was the biggest jump in five months. The median forecast according to a Bloomberg survey was for a 0.3 percent rise.
Quick take: The PPI is one of three monthly inflation gauges. The numbers today--along with the price of good imported into the U.S. which rose 0.6 percent from the prior month and consumer prices, which economists estimate rose 0.3 percent--appear to indicate that the risk of inflation or the opposite, deflation, is low.
What it means for you: Demand may be is strong enough to prevent a prolonged drop in prices.
Data source: Labor Department
By
Washington Post editors
|
September 16, 2010; 9:08 AM ET
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*Data Digest
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U.S. Economy
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