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The Producer Price Index for Finished Goods was unchanged in May, seasonally adjusted, the Bureau of Labor Statistics of the U. S.…
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The Producer Price Index for Finished Goods was unchanged in May, seasonally adjusted, the Bureau of Labor Statistics of the U. S. Department of Labor reported today. This followed a 0.5-percent increase in April and no change in March. Prices received by domestic producers of intermediate goods inched up 0.2 percent after moving up 0.7 percent in the previous month. The Crude Goods Price Index turned down 0.8 percent after increasing 2.1 percent in April. (See table A.) Among finished goods in May, declines for foods (-0.6 percent) and energy goods (-0.2 percent) were offset by increases for finished goods less foods and energy (0.3 percent). Prices for capital goods edged up 0.2 percent, partly reflecting higher prices for heavy motor trucks. In addition, prices also increased from April to May for consumer nondurables less foods, such as tobacco products. However, prices for consumer durables were virtually unchanged. Table A.
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