Wednesday, May 15, 2013

Producer Prices Fell in April

Producer prices fell 0.7% in April. Aside from gains in January and February, prices have fallen since October. The decline was broad based, led by a 2.5% decline in finished energy goods. Producer prices are now 0.7% above year ago levels, the slowest reading in 9 months.

Core prices for finished goods grew at 0.1%, down from 0.2% the previous month. Food prices dropped 0.8%, reversing a positive reading last month.

The prices of crude goods fell 2.8% from the previous month and is 5.9% below year ago levels. Crude prices continue their declining trend.

Read the BLS release.

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