Costlier materials will trigger downstream inflation
By Tom Stundza -- Purchasing, 6/25/2008 9:55:00 AM
The Purchasing Magazine Commodity Price Index increased in June to a stratospheric high of 289.0. That’s the highest reading since the index was adjusted in January 1992, equates to a 44% year-over-year increase—and reinforces the fact that inflationary pressures remain in place for further cost increases on semifinished and final-products. Note that the surprisingly strong increases in producer prices just reported by government statisticians for May already has increased the pressure on the Fed to raise interest rates in an election year when the economy is probably in recession. Read the PDF.
View All Blogs
Now Playing:
