May PPI Slips 0.3%; Core Rate Up 0.1%

Ferris, Craig T.
June 2003
Bond Buyer;6/16/2003, Vol. 344 Issue 31657, p2
Trade Publication
Driven by further declines in energy prices, the overall producer price index fell 0.3% in May 2003. The overall decrease in producer prices came as prices for finished energy goods fell 2.6% in May, following April's 8.6% decline. The 0.1% rise in the core rate came as prices for sanitary paper products rose 3.0%, communication equipment prices rose 0.6%, prices of light trucks inched up 0.3%, and passenger car prices rose 0.2%. The rise in crude goods' prices was triggered in part by a 2.5% rise in crude energy prices, which included a 6.6% rise in natural gas prices, plus a 2.4% rise in food prices.


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