(202) 606-7705 Release Is Embargoed Until — 1994-02-11

The Producer Price Index for Finished Goods moved up 0.2 percent seasonally adjusted from December 1993 to January 1994, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. This followed a decline of 0.1 percent in December and a rise of 0.1 percent in November. Prices received by domestic producers of intermediate goods increased 0.2 percent in January after a decrease of the same size a month earlier. The Crude Goods Price Index advanced 1.3 percent over the month following a 2.4 percent drop in December. (See table A.) Among finished goods, the index for energy goods turned up after substantial declines in both November and December. In addition, prices for finished goods other than foods and energy moved up 0.4 percent following a 0.2 percent advance in December. Consumer food prices, however, turned down modestly. Before seasonal adjustment, the Producer Price Index for Finished Goods moved up 0.2 percent in January to 124.4 (1982=100).