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ECON: Producer Prices Fall On Lower Energy Prices
Posted to: Micro News
Thursday, December 13, 2012 8:41 AM
- PPI -0.8 vs -0.5 Consensus
- Core PPI +0.1 vs +0.2 Consensus
- Energy PPI -4.6, biggest drop since March 2009. Gas -10.1.
- No substantive impact from Sandy - Labor Dept.The Producer Price Index for finished goods fell 0.8 percent in November, seasonally adjusted,
the U.S. Bureau of Labor Statistics reported today. Prices for finished goods decreased 0.2
percent in October and rose 1.1 percent in September. At the earlier stages of processing, prices
received by manufacturers of intermediate goods declined 1.2 percent in November, and the
crude goods index edged up 0.1 percent. On an unadjusted basis, the finished goods index
advanced 1.5 percent for the 12 months ended November 2012, the smallest increase since a 0.5-
percent rise for the 12 months ended July 2012.
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