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Producer Price Index down 0.1% in December, ex Fd & Engy up 0.3%
The Producer Price Index for finished goods declined 0.1 percent in December, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Prices for finished goods moved up 0.3 percent in November and fell 0.3 percent in October. At the earlier stages of processing, the index for intermediate goods decreased 0.5 percent in December, and crude goods prices moved down 1.1 percent. On an unadjusted basis, the index for finished goods increased 4.8 percent in 2011 after rising 3.8 percent in 2010.
The December decline in finished goods prices is attributable to decreases of 0.8 percent in the indexes for finished energy goods and finished consumer foods. By contrast, prices for finished goods less foods and energy increased 0.3 percent.
Posted: January 18, 2012 Wednesday 08:30 AM