Thursday, February 19, 2009

The Deflation is over! Huzzah, the Cat Lives!

From the Bureau of Labor Statistics:
Producer Price Index News Release text

The Producer Price Index for Finished Goods rose 0.8 percent in January, seasonally 
adjusted, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. This
increase followed declines of 1.9 percent in December and 2.5 percent in November. At the
earlier stages of processing, the decrease in prices for intermediate materials slowed to 0.7
percent from 4.2 percent in the prior month, and the index for crude materials declined 2.9
percent after dropping 5.3 percent in December. (See table A.)...MORE, including tables

For some reason I am reminded of the scene in "Basil the Rat" where
Mr. Fawlty learns the cat has not been poisoned:

...Terry:'s the cat?

Basil: How's the cat? We're about to take the life of a public health inspector and you want to know how's the cat? It's gone to London to see the Queen!

Polly: He's all right!

Terry: Great!

Basil: Hooray! Hooray! The cat lives! The cat lives! Long live the cat!...

It's at 5:43 of the video:

Google Video's Basil the Rat segments.
(this is #3 of 4)