September, 2004 PPI versus September, 2003:
3.3% Finished goods, 8.4% Intermediate materials, & 14.2% Crude materials
August, 2004 PPI versus August, 2003:
3.4% Finished goods, 8.1% Intermediate materials, & 22.4% Crude materials
July, 2004 PPI versus July, 2003:
4.0% Finished goods, 7.6% Intermediate materials, & 22.2% Crude materials
June, 2004 PPI versus June, 2003:
4.0% Finished goods, 6.9% Intermediate materials, & 18.9% Crude materials
I still treat these PPI numbers as leading indicators of the CPI, and I expect higher CPI numbers in the future than the 2.5% for September, 2004 versus September, 2003.
bls.gov |
