The latest Producer Price Index (PPI) news release
(http://www.bls.gov/news.release/pdf/ppi.pdf)
was issued today by the Bureau of Labor Statistics. Highlights are below.
The PPI tracks the prices of goods before they reach store shelves and is considered a predictor of price trends. This small increase in wholesales prices suggests inflation is not a current concern of the Federal Reserve System and they are expected to keep interest rates near zero to encourage economic growth to spur continued recovery from the economic recession.
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The Producer Price Index for Finished Goods advanced 0.3 percent in October, seasonally adjusted. This increase followed a 0.6-percent decline in September and a 1.7-percent rise in August. Prices for finished goods other than foods and energy fell 0.6 percent after decreasing 0.1 percent in September.
Joseph Schumpeter's Business Cycles
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Business Cycles
The link above takes you to a pdf file of Joseph Schumpeter's book.
14 years ago
Inflation is not dead.
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