posted on Jun, 9 2004 @ 09:00 PM
The Producer Price Index (PPI) program measures the average change over time in the selling prices received by domestic producers for their output.
The prices included in the PPI are from the first commercial transaction for many products and some services.
Today the Bureau of Labor Statistics (BLS) issued an unusual NEWS ADVISORY. It announced a DELAY OF RELEASE OF PRODUCER PRICE INDEX FOR MAY 2004.
The release of the U.S. Producer Price Index has been delayed indefinitely due to renewed calculation problems with the report, the Bureau of Labor
Statistics said on Wednesday. "BLS staff is working to resolve unexpected difficulties in calculating the index this month," the bureau said in a
release. A spokesman said the report, which measures inflation, would not be issued before June 15. He said a day's notice would be given before any
release of the index, which had been delayed several times earlier this year due to calculation problems.
This is the 2-3 time this year the PPI has been delayed. What’s up? It’s not all that hard to gather the information. It hasn’t been so in the past,
so now what’s new to cause the ‘problems’?
The Producer Price Index (PPI) measures changes in the wholesale prices of finished goods. PPI measure average changes in prices received by domestic
producers of commodities in all stages of processing. Most of the information used in calculating the indexes is obtained through the systematic
sampling of nearly every industry in the manufacturing and mining sectors of the economy. PPI is an inflationary indicator measured by BLS and used by
economists, investors, and the Federal Reserve to evaluate wholesale price levels in the economy. It is a forward looking indicator of
Could it be the Bush Administration is cooking the books; or is their usual management of information which they might not like folks to know about?
What’s your bet!