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The Producer Price Index for Finished Goods moved down 0.1 percent seasonally adjusted from April to May, the Bureau of Labor Statistics…
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The Producer Price Index for Finished Goods moved down 0.1 percent seasonally adjusted from April to May, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. This followed a decrease of the same size in April and a small increase in March. The Intermediate Goods Price Index rose 0.2 percent over the month after showing no change in April. The Crude Goods Price Index declined 1.4 percent, considerably more than its drop of 0.5 percent a month earlier. (See table A.) Among finished goods, prices for both consumer foods and energy goods decreased about 1 percent following smaller declines in April. The index for finished goods other than foods and energy advanced 0.4 percent after moving up 0.1 percent in April and 0.2 percent in March. Table A.
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