January 16, 2013
The Producer Price Index for finished goods declined 0.2 percent in December, seasonally adjusted. Prices for finished goods fell 0.8 percent in November and 0.2 percent in October.
Prices for finished consumer foods fell 0.9 percent in December, the first decrease in this index since a 0.4-percent decline in May 2012. Over one-third of the December decrease can be traced to the index for beef and veal, which moved down 4.8 percent.
The index for finished energy goods moved down 0.3 percent in December, the third straight decrease. Leading the December decline, gasoline prices fell 1.7 percent.
These data are from the Producer Price Index program. To learn more, see “Producer Price Indexes — December 2012” (HTML) (PDF), news release USDL-13-0056. All producer prices are routinely subject to review 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, Producer prices in December 2012 on the Internet at http://www.bls.gov/opub/ted/2013/ted_20130116.htm (visited December 19, 2014).
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