The BLS reports:
The Producer Price Index for Finished Goods moved up 0.2 percent in December, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This rise followed a 1.8-percent advance in November and a 0.3-percent increase in October. At the earlier stages of processing, prices received by producers of intermediate goods rose 0.5 percent and the crude goods index moved up 1.0 percent. On an unadjusted basis, prices for finished goods advanced 4.4 percent in 2009, after falling 0.9 percent in 2008.As can be seen below, the increase remains concentrated in energy.
Source: BLS
Can't speculate in food like you can in energy..
ReplyDeletetoo much backlash from speculating in food (remember the whole rice issue?)
ReplyDelete