Producer Price Index Rises a Scant 0.3 Percent in October 2009

The Producer Price Index for Finished Goods advanced 0.3 percent in October, seasonally
adjusted, the U.S. Bureau of Labor Statistics (BLS) reported today. This increase followed a 0.6-percent decline in September and a 1.7-percent rise in August. In October, at the earlier stages of processing, prices received by manufacturers of intermediate goods moved up 0.3 percent and the crude goods index increased 5.4 percent. On an unadjusted basis, from October 2008 to
October 2009, prices for finished goods fell 1.9 percent, the eleventh consecutive month of year-over-year declines.

To view the full PPI report from the BLS, please click on the “Inflation Measures” page on the meny bar above and scroll down to Producer Price Index.