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The Producer Price Index for finished goods increased 0.5 percent in November, the Bureau of Labor Statistics of the U. S. Department…
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The Producer Price Index for finished goods increased 0.5 percent in November, the Bureau of Labor Statistics of the U. S. Department of Labor reported today. This increase followed declines of 0.5 percent in both September and October. Prices received by domestic producers of intermediate goods advanced 1.1 percent, the largest monthly increase since October 1990 when it rose 1.4 percent. Crude material prices climbed 1.0 percent, after falling in each of the 4 previous months. (See table A.) Among finished goods, the index for finished energy goods rose 2.1 percent in November and the index for finished consumer foods turned up 0.2 percent. Both indexes had declined in each of the prior 2 months. The index for finished goods less foods and energy inched up 0.1 percent after decreasing 0.5 percent in October. Table A. Monthly and annual percent changes in selected stage-of- processing price indexes, seasonally adjusted.
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