Inflation Update

There’s new inflation data coming out this week: the February PPI data was released this morning, and the CPI data comes out tomorrow. I’ll put up a post with a discussion of both releases tomorrow… but if you can’t wait until then to peruse the PPI data here’s the text of the PPI News Release:

The Producer Price Index for Finished Goods rose 0.4 percent in February, seasonally adjusted, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. This increase followed a 0.3-percent gain in January and a 0.3-percent decline in December. At the earlier stages of processing, the intermediate goods index advanced 0.7 percent, after moving up 0.4 percent in the previous month, and prices for crude goods fell 1.6 percent, following a 2.0-percent decrease in January.