January 16, 2008
December PPI down 0.1 percent
The U.S. Department of Labor's Producer Price Index for finished goods fell by 0.1 percent in December.
The decrease followed a 3.2 percent increase in November and a 0.1 percent increase in October.
Prices for finished goods other than food and energy rose 0.2 percent in December compared to a 0.4-percent increase in November. Partially offsetting the downturn in the finished goods index, prices for finished consumer foods increased 1.3 percent following no change in November, the department said.
The decrease followed a 3.2 percent increase in November and a 0.1 percent increase in October.
Prices for finished goods other than food and energy rose 0.2 percent in December compared to a 0.4-percent increase in November. Partially offsetting the downturn in the finished goods index, prices for finished consumer foods increased 1.3 percent following no change in November, the department said.
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