Real-time Monetary Inflation (last 12-months): 2.2%
Retail prices, as reported by the U.S. Bureau of Labor Statistics' Consumer Price Index, were unchanged in February, bringing the yearlong increase for the index down to 2.1 percent. Wholesale prices reflected in the Producer Price Index for Finished Goods fell 0.6 percent last month, dropping the year-over-year inflation rate to 4.4 percent.
Other inflation markers for the week ending Thursday:
- The London morning gold fix ended 1.5 percent higher, though average prices fell to $1,118; spot COMEX settlements averaged $1,116, ending at a 2.2 percent higher price; average daily COMEX volume fell to 170,100 contracts; open interest rose 0.7 percent to an
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