PPI for finished goods rises in December

The Producer Price Index for finished goods rose 1.1 percent in December, reports the U.S. Bureau of Labor Statistics.

This advance followed increases of 0.8 percent in November and 0.4 in October. It also marks the sixth straight rise in finished goods prices.

At the earlier stages of processing, prices received by manufacturers of intermediate goods moved up 1.0 percent, and the crude goods index increased 4.0 percent. On an unadjusted basis, prices for finished goods advanced 4.0 percent in 2010 after climbing 4.3 percent in 2009.

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