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Producer Price Index Rises 0.4 percent in September With Gains in Finished, Crude Foods

The Producer Price Index rose 0.4 percent in September, according to the Bureau of Labor Statistics. The index rose 0.4 percent in August and 0.2 percent in July. Prices for finished goods increased 4 percent for the year ending September 2010, the eleventh consecutive annual increase.

In September, finished goods prices increased especially due to higher prices for finished foods, which grew 1.2 percent. In particular, fresh and dry vegetables and processed young chickens saw price jumps.

A rise in September for the index for liquefied petroleum gas contributed to a 0.5 percent increase in the price of finished energy goods last month. Intermediate goods saw general increases across various categories.

Meanwhile, the price index for crude materials dropped 0.5 percent last month. Crude energy materials saw a decline of 8.8 percent. But the index for crude food and feed items rose 5 percent in September.

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