14 August 2013 16:12 [Source: ICIS news]
In its monthly producer price index (PPI) report, the department said that a 0.1% increase in producer – or wholesale – prices for finished goods, minus food and energy, was offset by a 0.2% decreases in the index for finished energy goods.
Measuring earlier stages of production, the department found that producer prices for intermediate goods were unchanged in July, while crude goods prices increased 1.2%. The crude goods increase was mostly attributed to a 10.6% jump in crude oil prices.
Producer prices for basic organic chemicals saw a decrease of 1.6% in July after increasing 1.1% in June, according to the report.
Wholesale prices for plastic resins and related materials fell 0.2% in July after rising 0.6% in June.
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