Inflation stays low

In the overall economy, there is no evidence of inflationary pressures bubbling to the surface, despite recent reports of a pick-up in the growth rate of wages and salaries in the U.S. The GDP inflation measure declined 0.

09/01/1998


In the overall economy, there is no evidence of inflationary pressures bubbling to the surface, despite recent reports of a pick-up in the growth rate of wages and salaries in the U.S. The GDP inflation measure declined 0.2% during the first quarter of this year, and increased by a negligible 0.4% in the second quarter. This spell of low inflation has certainly been exemplified by the latest figures for producer prices. PRODUCER PRICE INDICES

Actual Annual change,%

June 98 1997 1998* 1999*

Intermediate goods 133.7 0.2 0.3 2.2

Finished goods 143.3 0.3 0.6 1.8

Mechanical power trans 157.6 2.2 1.9 2.5

Machinery and equip 125.1 -0.5 0.2 0.9

Material handling equip 131.1 1.8 1.4 2.2

Source: Bureau of Labor Statistics * Forecast: Cahners Economics





No comments
The Engineers' Choice Awards highlight some of the best new control, instrumentation and automation products as chosen by...
The System Integrator Giants program lists the top 100 system integrators among companies listed in CFE Media's Global System Integrator Database.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
This eGuide illustrates solutions, applications and benefits of machine vision systems.
Learn how to increase device reliability in harsh environments and decrease unplanned system downtime.
This eGuide contains a series of articles and videos that considers theoretical and practical; immediate needs and a look into the future.
Save energy with automation; Process control system upgrades; Dispelling controll myths; Time-sensitive networking; Control system integration; Road to IANA
Additive manufacturing advancements; Machine vision enhances robotics; Fieldbus evolution; Process safety; Advice from System Integrators of the Year; Road to IANA
Salary and career survey: Benchmarks and advice; Designing controls; Remote data collection, historians; Control valve advances; Hannover Messe; Control Engineering International
This article collection contains several articles on the Industrial Internet of Things (IIoT) and how it is transforming manufacturing.

Find and connect with the most suitable service provider for your unique application. Start searching the Global System Integrator Database Now!

The digital oilfield: Utilizing Big Data can yield big savings; Virtualization a real solution; Tracking SIS performance
Getting to the bottom of subsea repairs: Older pipelines need more attention, and operators need a repair strategy; OTC preview; Offshore production difficult - and crucial
Digital oilfields: Integrated HMI/SCADA systems enable smarter data acquisition; Real-world impact of simulation; Electric actuator technology prospers in production fields
click me