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Producer Price Index up 0.2 percent in May
The Producer Price Index for Finished Goods increased 0.2 percent in May, seasonally adjusted, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. This rise followed a 0.3-percent advance in April and a 1.2-percent decrease in March. At the earlier stages of processing, prices received by producers of intermediate goods rose 0.3 percent following a 0.5-percent decline a month earlier, and the crude goods index climbed 3.6 percent after rising 3.0 percent in April.
In May, a 2.9-percent increase in finished energy goods prices more than offset a 1.6 percent decline in the index for finished consumer foods and a 0.1-percent decrease in prices for finished goods other than foods and energy.
Posted: June 16, 2009 Tuesday 08:30 AM