The producer price index (PPI) for all finished goods increased 0.3% seasonally adjusted in the month of August, the U.S. Bureau of Labor Statistics reports. In July, prices for finished goods were unchanged. The 12 month change in the price of goods is an increase of 1.4%. This is down from July when the 12 month change was 2.1%.
The core PPI, which excludes food and energy, was flat in August. This follows a 0.1% increase in July.
Earlier this month, value investor Mohnish Pabrai took part in a Q&A session with William & Mary College students. Q3 2021 hedge fund letters, conferences and more Throughout the discussion, the hedge fund manager covered a range of topics, talking about his thoughts on valuation models, the key lessons every investor should know, and how Read More
The annual changes in U.S. inflation measures: