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Pace Is Slower, But Producer Prices Continue To Rise In April

The index, which has risen the previous two months, was up 0.7 percent in April.

WASHINGTON - The Producer Price Index for Finished Goods rose 0.7 percent in April, the Bureau of Labor Statistics said Friday.
 
Finished goods prices increased 3.2 percent. Prices received for intermediate goods rose 0.9 percent in April after a 1 percent increase the previous month.
 
The indexes for materials for durable manufacturing, energy goods, materials and components for construction, foods and feeds, and materials for nondurable manufacturing all increased over March levels.
 
After rising 3.2 percent in March, the crude goods index dropped 1.5 percent.
 
Consumer goods, less foods and energy, reversed, going down 0.1 percent after rising 0.1 in March. The passenger cars index was down 1 percent after rising 0.2 percent in March. Light motor trucks was down 0.5 percent after a 1.2 percent decrease in March.
 
Consumer goods, which was up 1.4 percent in March, increased 0.4 percent in April.
 
Energy goods prices rose 3.4 percent in April, a slightly lower rate than the 3.6 percent in March. The increase was due mostly to rising prices for gasoline, liquefied petroleum gas, home heating oil, residential electric power, residential natural gas and diesel fuel.
 
Capital equipment, which was down 0.1 percent in March, rose 0.1 percent in April. After remaining unchanged for March, heavy motor trucks rose 3.8 percent.
 
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