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Most
of the decline in the PPI index can be traced to prices for energy
goods, which slowed to a 0.4% increase in May after advancing 4.0%
in April.
Gasoline
prices climbed 2.2% in May following a 12.3% jump a month earlier.
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The Producer Price Index (PPI) for
Finished Goods rose 0.2% in May, seasonally adjusted, the Bureau
of Labor Statistics of the U.S. Department of Labor reported
today. This increase followed a 0.9% jump in April and a 0.5%
advance in March. The price index for finished goods other than
foods and energy increased 0.3% in May compared with a 0.1% rise in
April.
Prices for finished consumer foods
declined 0.5 percent in May compared with a 0.1-percent rise in
April.
The capital equipment index advanced
0.3 percent in May after moving up 0.2 percent in April. In May,
higher prices for heavy motor trucks, communication and related
equipment, commercial furniture, civilian aircraft, and for
agricultural machinery and equipment more than offset lower prices
for passenger cars, integrating and measuring instruments, and
semiconductor manufacturing equipment.
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