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| JOC-ECRI Industrial Price Index
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COMPONENT
SECTORS |
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INDEX |
Textiles |
Metals |
Misc. |
Petro |
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| Annual Change
(%) |
+14.20
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+3.78
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+44.60
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+3.34
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-6.31
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|
| 2 - Mar. |
135.9 |
68.4 |
200.5 |
103.9 |
271.9 |
| 1 - Mar. |
134.8 |
68.4 |
196.9 |
103.7 |
268.1 |
| 28 - Feb. |
135.0 |
68.2 |
198.5 |
103.9 |
266.7 |
| 27 - Feb. |
135.3 |
68.4 |
199.8 |
103.7 |
266.5 |
| 26 - Feb. |
134.9 |
68.4 |
197.8 |
103.7 |
268.2 |
| 23 - Feb. |
135.0 |
68.3 |
196.4 |
104.3 |
270.7 |
| 22 - Feb. |
134.1 |
68.1 |
194.9 |
103.9 |
265.7 |
| 21 - Feb. |
133.8 |
68.2 |
193.9 |
103.8 |
264.0 |
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| Past 1 Month
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131.5
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68.6 |
186.1
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103.8 |
253.6
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| Past 3 Months |
128.3 |
67.3
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178.2 |
100.9
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260.1 |
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| Past 12 Months |
119.5 |
69.0
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142.6 |
101.9
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248.1
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- Advances: Steel, aluminum, zinc, lead, nickel, plywood,
benzene, crude oil.
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| The Journal of Commerce -- Economic
Cycle Research Institute Industrial Price Index (JOC-ECRI IPI)
is designed to yield a cyclical leading indicator of the inflation cycle.
Cyclical turns in raw material price inflation, as measured by the growth
rate of the JOC-ECRI IPI, anticipate cyclical turns in consumer inflation.
Superior performance is achieved by the careful selection and combination
of the components of the index, which is made up of a broad basket of the
industrial commodities that have the best cyclical relationships with inflation.
The foundation for the JOC-ECRI IPI is the work of Geoffrey H. Moore and
his research staff, who have studied economic and inflation cycles for decades. |
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