Wholesale prices increased 0.1% in February, seasonally adjusted, the Bureau of Labor Statistics of the U.S. Department of Labor reported. This rise followed a 0.8-percent increase in January and a 1.9-percent decline in December.
At the earlier stages of processing, prices received by manufacturers of intermediate goods decreased 0.9% in February after falling 0.7% in the previous month, and the index for crude materials declined 4.5% following a 2.9-percent decrease in January.
The slower rate of increase in finished goods prices was led by the index for energy goods, which rose 1.3% in February after climbing 3.7% in the preceding month. Capital equipment prices also moved up less, rising 0.1% after increasing 0.5% in January. The index for consumer foods fell 1.6% in February following a 0.4-percent decrease a month earlier.
Partially offsetting the slower rate of increase in finished goods prices, the index for consumer goods other than foods and energy advanced 0.4% after rising 0.3% in the prior month. Following a 0.4-percent increase in January, the index for finished goods less foods and energy climbed 0.2% in February.
Before seasonal adjustment, the Producer Price Index for Finished Goods declined 0.1% in February to 170.1 (1982 = 100). From February 2008 to February 2009, the index for finished goods fell 1.3%. Over the same period, prices for finished energy goods decreased 18.4%.
By contrast, the index for finished goods less foods and energy (core inflation) rose 4.0% and prices for finished consumer foods advanced 0.7%. At the earlier stages of processing, the intermediate goods index declined 5.2% and crude goods prices dropped 34.7% for the 12 months ended in February.
Wholesale Prices Rise 0.1% in February
Wholesale prices increased 0.1% in February, seasonally adjusted, the Bureau of Labor Statistics of the U.S. Department of Labor reported. This rise followed a 0.8-percent increase in January and a 1.9-percent decline in December.
At the earlier stages of processing, prices received by manufacturers of intermediate goods decreased 0.9% in February after falling 0.7% in the previous month, and the index for crude materials declined 4.5% following a 2.9-percent decrease in January.
The slower rate of increase in finished goods prices was led by the index for energy goods, which rose 1.3% in February after climbing 3.7% in the preceding month. Capital equipment prices also moved up less, rising 0.1% after increasing 0.5% in January. The index for consumer foods ...
At the earlier stages of processing, prices received by manufacturers of intermediate goods decreased 0.9% in February after falling 0.7% in the previous month, and the index for crude materials declined 4.5% following a 2.9-percent decrease in January.
The slower rate of increase in finished goods prices was led by the index for energy goods, which rose 1.3% in February after climbing 3.7% in the preceding month. Capital equipment prices also moved up less, rising 0.1% after increasing 0.5% in January. The index for consumer foods ...
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