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The Producer Price Index for Finished Goods increased 0.5 percent in April, seasonally adjusted, the Bureau of Labor Statistics of the U.…
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The Producer Price Index for Finished Goods increased 0.5 percent in April, seasonally adjusted, the Bureau of Labor Statistics of the U. S. Department of Labor reported today. This followed no change in March and advances in each of the four preceding months. Prices received by domestic producers of intermediate goods moved up 0.7 percent in April, after increasing 0.3 percent March. The Crude Goods Price Index rose 2.1 percent after decreasing 1.3 percent in March. (See table A.) The rise in the April Finished Goods index was led by a turnaround in the prices for energy goods, especially gasoline. The index for finished goods other than foods and energy moved up 0.3 percent after rising 0.1 percent in the previous month. Food prices decreased 0.2 percent for the second consecutive month. Table A. Monthly and annual percent changes in selected stage-of- processing price indexes, seasonally adjusted.
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