August 14, 2007
PPI up 0.6 percent
By Matthew L. Brown
According to the U.S. Department of Labor, the producer price index for finished goods increased 0.6 percent in July.
The increase follows a 0.2 percent decline in June and a 0.9 percent increase in May. Prices received by manufacturers of intermediate goods rose 0.6 percent in July compared with a 0.5 percent gain in June, and the index for crude materials climbed 1.2 percent subsequent to a 0.3 percent increase a month earlier, according to the department.
The increase follows a 0.2 percent decline in June and a 0.9 percent increase in May. Prices received by manufacturers of intermediate goods rose 0.6 percent in July compared with a 0.5 percent gain in June, and the index for crude materials climbed 1.2 percent subsequent to a 0.3 percent increase a month earlier, according to the department.
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