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Producer price index pushed by lower energy prices
WASHINGTON,[url=http://www.parajumpersjackenoutlet.de/]parajumpers damen[/url], April 12 () -- The U.S. Producer Price Index for finished goods dropped 0.6 percent in March,[url=http://www.isabelmarantsneakersbootss.com/]isabel marant sneakers[/url], coming in lower than expected, the Bureau of Labor Statistics reported Friday.Economists had expected a drop of 0.2 percent for the prices producers receive for finished goods. The decline, which comes after a 0.7 percent gain in February, was led by a 3.4 percent drop in energy prices.Prices for finished food items rose 0.8 percent in the month.For energy,[url=http://www.christianlouboutinonlineshop.de/]christian louboutin schuhe[/url], it was the sharpest month-to-month decline in three years. For all goods, the decline was unmatched since May of 2012.Core prices, which exclude food and energy, were higher, up 0.2 percent.Prices producers received were up 1.1 percent on an annual basis, down from 1.7 percent in February and the lowest annual rate since June.Prices for intermediate goods dropped 0.9 percent while prices for crude goods -- raw materials -- fell 2.5 percent.