November 19, 2008
The Producer Price Index for Finished Goods fell 2.8 percent in October, seasonally adjusted. This decrease followed a 0.4-percent decline in September and a 0.9-percent fall in August.
Among finished goods in October, prices for energy goods fell 12.8 percent compared with a 2.9-percent decline a month earlier. The index for consumer foods edged down 0.2 percent following a 0.2-percent increase in the prior month.
Prices for goods other than foods and energy rose 0.4 percent for the second consecutive month.
From October 2007 to October 2008, prices for finished goods rose 5.2 percent, as shown in the chart.
These data are from the BLS Producer Price Index program. To learn more, see "Producer Price Indexes — October 2008," (PDF) (HTML) news release USDL 08-1711. All producer price indexes are routinely subject to revision once, 4 months after original publication, to reflect the availability of late reports and corrections by respondents.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, PPI in October 2008 on the Internet at http://www.bls.gov/opub/ted/2008/nov/wk3/art03.htm (visited February 14, 2016).
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