U.S. Producer Prices are Up 9.8% Year over Year… but We’re Not Alone
Aug 19th, 2008 | By J. Christoph Amberger | Category: Financial News, Politics & EconomicsThe Labor Department reported that its Producer Price Index (PPI) increased by 1.2% in July and by 9.8% in the past year. A hefty increase… but given the press we’ve had on gasoline, energy, milk, grain and candy bar prices, it probably did not come quite unexpected.