May 20, 2008
PPI Slowly Increases
By Matthew L. Brown
The Producer Price Index for finished goods increased 0.2 percent in April, according to the U.S. Department of Labor .
The increase followed a 1.1 percent advance in March and a 0.3 percent increase in February. The department said the prices paid by producers for intermediate goods rose 0.9 percent following a 2.3 percent gain the previous month. The department's crude goods index increased 3.2 percent after climbing 8.0 percent in March.
The increase followed a 1.1 percent advance in March and a 0.3 percent increase in February. The department said the prices paid by producers for intermediate goods rose 0.9 percent following a 2.3 percent gain the previous month. The department's crude goods index increased 3.2 percent after climbing 8.0 percent in March.
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