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Archived News Release--Caution:
information may be out of date.
For more information call: (202)693-4650
I am pleased to see signs that the effect of rising energy prices are
abating and "core" inflation remains stable. Yet, we continue to monitor the
economy for upward pressures on prices.
The Producer Price Index for finished goods fell 0.3 percent in April,
following increases of 1.0 percent in February and March. Energy prices fell by
4.1 percent, helping to offset a 1.0 percent increase in the prices of finished
consumer goods.
Excluding the volatile energy and food sectors, the "core" Producer
Price Index rose 0.1 percent in April, the same as a month ago.
The Producer Price Index for intermediate materials, supplies and
components fell by 0.1 percent in April. The 2.9 percent decline in
intermediate energy goods was the main cause of the deceleration.
The Producer Price Index for crude materials for further processing fell
by 2.5 percent in April, with the 6.9 percent drop in the prices for crude
energy materials contributing to the decline.
Archived News Release--Caution:
information may be out of date.
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