Brad's Desktop
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Written by Brad Zigler
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July 15, 2010 11:30 am EDT |
Real-time Monetary Inflation (last 12 months): -1.8%
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Wholesale prices for finished goods have risen 2.8 percent since June last year, according to figures released this morning by the U.S. Bureau of Labor Statistics. The increase in the Producer Price Index for Finished Goods (PPI-FG) actually represents a fourth consecutive month in which the rate of price inflation has slowed. In March, the year-over-year increase in PPI-FG peaked at 6.0 percent, and was followed in April and May with increases of 5.5 and 5.3 percent, respectively. Year-Over-Year Inflation Metrics 
The June slowdown in wholesale price inflation coincides with a 3.6 percent decline in Hard Assets Investors' (www.HardAssetsInvestor.com) Monetary Inflation Index from year-ago levels. June's PPI decline was largely attributed to a 2.2 percent drop in finished food prices and a 0.5 percent slippage in energy goods. The contemporaneous decline in U.S. monetary inflation was accelerated by June's 0.8 percent erosion in the euro/dollar cross rate. Monetary inflation most recently peaked at 4.7 percent in November 2009. Tomorrow, the BLS will report Consumer Price Index data for June.
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