The PPI gLItcH!

Why on earth would Wade's Fedgov play with the numbers?
Codin' fools declare: It' the computers' fault!
How desperate can you get!


Outdated computers blamed for index delay
Financial Post - Canada; Mar 09, 2004

WASHINGTON - Outdated computers are partly to blame for the delayed
release of the U.S. producer price index and only "God knows when" the
data will be ready, a top analyst at the Bureau of Labor Statistics
said yesterday. The U.S. Labor Department statistical agency has
indefinitely delayed the release of the January and February PPI
reports due to problems converting the data to a new industry
classification system. The January PPI, which measures prices paid to
farms, factories and refineries, was originally scheduled for release
on Feb. 19. The February report was due to be released this coming
Friday. The nearly three-w delay for the January report is unheard
of in the government's statistics system. Some economists said they
miss the wholesale price data, in part because it can offer early
clues on profits and, by extension, hiring.
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