      The first peek at inflation that traders will get each month at theproducer level is the Producer Price Index, which is released in the secondweek of each month. The PPI measures prices at the producer level andmeasures the raw commodities that are used to produce consumer goods. Thereare three levels of production that are measured in the PPI: crudematerials, intermediate goods, and finished goods. By measuring prices atvarious stages in the production process, a clear picture of overall pricescan be established.