The Producer Price Index (PPI) Report Delayed, AGAIN

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 inflation/deflationary trends.

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!

www.econoday.com...
www.bls.gov...
www.jsc.nasa.gov...
money.cnn.com...
www.capitalstool.com...
www.webprowire.com...
www.conference-board.org...

Cooking the books seems likely. They keep trying to talk us out of a recession. Has anyone really noticed an improvement over what we are being told on tv?

It's all smoke and mirrors................I

If you want to work for less then it costs to live you can find work anywhere...............

and it's going to get even better the courts have cleared the final hurdle and now Mexican Trucking Co.'s will be streaming across the boarder unchecked and with little or no supervision...........

WAHHOOOOOOOOOOOOOOOoooooooooooooooooooo

Thank GW for another job creation policy�����.in Mexico that is.

BTW
Is that rig insured or been inspected lately????????????


In Mexico they don�t think that�s too important,

BRING IT ON������he said.

I think they have been delaying the PPI on purpose all year, because they don�t want to admit how bad inflation really is worldwide. Prices for all basic materials are up, oil, metals, soy beans higher commodity prices like where seeing are usually an indicator of inflation, I will admit that demand is up, but I don�t think it justifies some of the prices we see for basic goods.

Ya know you only have to make a simple trip to the grocery store to know the rudiments of inflation and that out of control inflation has thrown a huge spike stick under the wheels of the Bush/Cheney relection mobile.

A gallon of milk is up one dollar over this time last year. Kraft grated cheese went up 42 cents since May 15th and today. Beef by the pound has skyrocketed including the price of lowly ground round, from 129 to 179 also over the past two weeks.

In fact the only staple item I found in Walmar and HEB groceries that hadn't risen in price over the past two weeks was their loaves of in store brand whole wheat bread. That remained at 79 cent per 1 and half pound loaf, sliced.

Over the counter sinus relief products like Actifed and Benadryl went from 4.59 for 24 tabs to 6.59. That's in two weeks, fellas! Our little ol' fixed retirement income took a heavy hit for the month of June. I fear it won't get any better in July, August, September or October either.

What was that catch phrase they said about Bush 41's campaign....it's the economy, stupid. Well wait till that first Tuesday in November gets here...
there's going to be a backlash at the ballot box.

We housefrau's know inflation when we see it and we sure as heck don't need no Producer Price Index to come out on June 15th to tell us what's what.

Voodoo economics don't work no matter who tries to spin them!

rad



[edit on 10-6-2004 by radstar]

They released the May PPI today:

The Producer Price Index for Finished Goods advanced 0.8 percent in
May, seasonally adjusted, the Bureau of Labor Statistics of the U.S.
Department of Labor reported today. This increase followed a 0.7-percent
rise in April and a 0.5-percent gain in March. At the earlier stages of
processing, prices received by manufacturers of intermediate goods climbed
1.1 percent in May, after posting a 1.4-percent rise in the previous month.
The crude goods index went up 2.8 percent, following a 3.0-percent jump in
April.

BLS.gov