Posts Tagged ‘economy’
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Tags: chart, economy, inflation, PPI, prices, recovery, United States
source (November 2009=100)
According to the Bureau of Labor Statistics, prices received by U.S. producers fell in September for the first time in over a year, a potentially worrisome sign for the economy in that—a sign that economic activity is picking up—appears to be failing to gain traction. Producer prices rose 1.6 percent for the year through September, the lowest annual reading in six months.*
So much for the idea that we’re well into an economic recovery!
*The Producer Price Index, which measures the average change over time in the selling prices received by domestic producers for their output, is generally associated with changes in consumer prices down the road.
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