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