PRODUCER PRICE INDEXES - FEBRUARY 2010
The Consumer Price Index (CPI) program produces monthly data on changes in the prices paid by consumers for a representative basket of goods and services.
The Consumer Price Index for February 2010 was seasonally adjusted. As reported by U.S. Bureau of Labor Statistics today, the Consumer Price Index (CPI-U) remained unchanged for February 2010 . Over the last 12 months, the index has increased by 2.1% before seasonal adjustment.
The U.S. Bureau of Labor Statistics reported today, after seasonally adjusted, the Producer Price Index for Finished Goods declined 0.6% in February. This decrease followed a 1.4% advance in January and a 0.4% percent increase in December, 2009. At the earlier stages of processing, prices received by producers of intermediate goods increased- up 0.1% and the crude goods index fell 3.5%. On an unadjusted basis, prices for finished goods advanced 4.4% for the 12 month period that ended in February 2010.
The “CPI” and the “PPI” are the cost of all items LESS the cost of FOOD and ENERGY. Food and energy statistics are the most important for the consumers and in those areas inflation is rapidly increasing. The government statistics are misleading consumers.