Home

Producer prices up 0.4 percent in month

Wed, 11/17/2010 - 07:26 by Prince damin

Washington -- U.S. producers paid 0.4 percent more for finished goods in October compared to September due to rising energy prices, the U.S. Labor Department said Tuesday.

On a 12-month basis prices are up 4.3 percent, up from 4 percent a month ago and 3.1 percent in August.

For producers, core prices in June -- prices excluding food and energy costs -- fell 0.6 percent, while energy prices rose 3.7 percent, the highest since January.

Prices for finished food fell 0.1 percent, falling fifth time in the past seven months, the report said.

Copyright 2010 United Press International, Inc. (UPI).

No votes yet