U.S Jewelry Producer Price Index (JPPI) increased by a very limited 0.8 percent in April 2009, as per the U.S. Bureau of Labor Statistics (BLS). This was considered as one of the smallest improvements in the past two years. Moreover, it was hardly above the very little gains for January and February +0.3 percent and +0.6 percent respectively. It was little above the revised 0.1 percent rise for March (the BLS first estimated that March’s JPPI was +1.0 percent, but newly revised figures show it to be far below).
The April JPPI was far lower than the Jewelry Producer Price Index for 2008, which exceeded at +6.3 percent for the complete year. The 0.8 percent increase in April is just above the annual inflation rate, that equated to nearly 0.7 percent and represented the jewelry producer industry in 2000 through 2002, a recessionary period. It mainly gives relatively stable valuable metals prices. April’s inflation rate is well lower than the long term Jewelry Producer Price Index increase of nearly 1.4-1.5 percent annually.
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