The Bureau of Labor Statistics reported that the Producer Price Index (PPI) for finished goods rose 0.2% in May, seasonally adjusted. This advance followed increases of 0.8% in April and 0.7% in March.
Core PPI, minus food and energy, rose 0.2% in May.
At the earlier stages of processing, prices received by manufacturers of intermediate goods climbed 0.9 in May, and the crude goods index declined 4.1%.
On an unadjusted basis, prices for finished goods moved up 7.3% for the 12 months ended May 2011, the largest year-over-year gain since September 2008.
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