Friday, September 16, 2011

Commodity prices: up 9.9 percent in August

The BLS released new Producer price index data on Wednesday. The latest release can be found here.

Generally speaking, the PPI measures the price of wholesale goods for producers. By contrast, the CPI measures prices for consumers.

Commodity goods measured include everything from intermediate food prices to lumber to jet fuel.

The one graph below shows the year-over-year change in the PPI for each month since 2001. Note the the annual change in PPI right now (and for the past 6 months) is at a higher level than was the case for most of the past decade, but remains below the annual changes seen in the last months of the last expansion.

This is national data: