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Wholesale prices declined 0.6% in February, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This decrease followed a 1.4% advance in January and a 0.4% increase in December.
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At the earlier stages of processing, prices received by producers of intermediate goods moved up 0.1% and the crude goods index fell 3.5%. On an unadjusted basis, prices for finished goods advanced 4.4% for the 12 months ended February 2010, their fourth consecutive 12-month increase.
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