Tuesday, March 09, 2004
Why won't the U.S. Government release the Producer Price Index numbers?
Porter Stansberrry, in a recent email newsletter, points out:
The [U.S.] government still hasn't published the PPI for January and now says it won't show us the numbers for February either. I'm not making this up... See the Bureau of Statistics [announcement] for yourself.
The government claims the delay is a result of changing the classifications of materials inside the index. If so, why not show us the old numbers until the new index is ready?
This kind of a delay is unprecedented... and it comes at a time when that statistic producer prices would reveal much higher rates of inflation that we've seen in the last 12 years.
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