∙ U.S. Producer Prices Down 1% in May

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The Producer Price Index for finished goods fell 1.0 percent in May, seasonally adjusted. Prices for finished goods moved down 0.2 percent in April and were unchanged in March. At the earlier stages of processing, prices received by manufacturers of intermediate goods decreased 0.8 percent in May, and the crude goods index fell 3.2 percent. On an unadjusted basis, prices for finished goods advanced 0.7 percent for the 12 months ended in May, the eighth straight month of slowing year-over-year increases following a 7.0-percent rise for the 12 months ended September 2011. Note: The U.S. Consumer Price Index for May will be issued on 14 JUN at 0830. Source: USDOL

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