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Producer Price Index fell 0.2% in April, ex Fd & Engy up 0.2%
The Producer Price Index for finished goods fell 0.2 percent in April, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Prices for finished goods were unchanged in March and increased 0.4 percent in February. At the earlier stages of processing, prices received by manufacturers of intermediate goods decreased 0.5 percent in April, and the crude goods index moved down 4.4 percent. On an unadjusted basis, prices for finished goods advanced 1.9 percent for the 12 months ended in April, the seventh straight month of slowing year-over-year increases following a 7.0-percent rise for the 12 months ended September 2011.
The April decrease in the finished goods index is attributable to a 1.4-percent decline in prices for finished energy goods. By contrast, the indexes for finished goods less foods and energy and for finished consumer foods both rose 0.2 percent.
Posted: May 11, 2012 Friday 08:30 AM