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The Producer Price Index for Finished Goods moved up 0.5 percent seasonally adjusted from January to February, the Bureau of Labor Statistics…
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The Producer Price Index for Finished Goods moved up 0.5 percent seasonally adjusted from January to February, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. This followed a 0.2 percent increase in January and a dip of 0.1 percent in December. The Intermediate Goods Price Index advanced 0.4 percent in February after rising 0.2 percent in the preceding month. Prices received by domestic producers of crude goods, however, decreased 1.3 percent after climbing by the same amount in January. (See table A.) The increase in the Finished Goods Price Index was almost entirely due to sharply higher prices for energy. Finished consumer food prices declined about as much as in the previous month. The index for finished goods other than foods and energy edged up 0.1 percent over the month after increasing 0.4 percent in January.
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