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U.S. Producer Price Index shows inflation at bay

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Wednesday, November 16, 2005

The Producer Price Index for October report released today shows prices for finished goods increased by 0.7 percent in October, prices rose by 1.9 percent in September.

Liquid Petroleum Gas climbed 1.4 percent compared with 24.7 percent in September. Gasoline dropped 3.3 percent, it increased 12.7 in September. Diesel fuel climbed 22.7 percent, having advanced 1.5 percent the previous month.

Prices for foods changed very little, a mere 0.1 percent decline, it increased 1.4 percent the previous month.

The Producer Price Index is a US government report on prices as seen from the producer of goods. This shows prices before effects such as government subsidies, sales and excise taxes, and distribution costs. The index is used as a leading indicator of consumer inflation in the future as changes in price will eventually flow down to the consumer.

The index can be found at the US Department of Labor web site.

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  This page is archived, and is no longer publicly editable.
Articles presented on Wikinews reflect the specific time at which they were written and published, and do not attempt to encompass events or knowledge which occur or become known after their publication.

Got a correction? Add the template {{editprotected}} to the talk page along with your corrections, and it will be brought to the attention of the administrators.

Please note that due to our archival policy, we will not alter or update the content of articles that are archived, but will only accept requests to make grammatical and formatting corrections.

Note that some listed sources or external links may no longer be available online due to age.
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