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The Producer Price Index for Finished Goods inched down 0.1 percent in August, seasonally adjusted, the Bureau of Labor Statistics of the…
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The Producer Price Index for Finished Goods inched down 0.1 percent in August, seasonally adjusted, the Bureau of Labor Statistics of the U. S. Department of Labor reported today. The Finished Goods Price Index was unchanged in July and moved down 0.1 percent in June. As in July, prices received by domestic producers of intermediate goods were unchanged in August. Crude material prices declined 1.4 percent after falling 0.8 percent in the previous month. (See table A.) Among finished goods in August, a decrease in the index for energy goods outweighed a slight increase in prices for other finished goods. The index for finished goods other than foods and energy increased 0.1 percent in August after moving up 0.2 percent in each of the previous 3 months. Table A.
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