Wholesale prices fell 1 percent in May, seasonally adjusted, the U.S. Bureau of Labor Statistics reported. Prices for finished goods moved down 0.2 percent in April and were unchanged in March.
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At the earlier stages of processing, prices received by manufacturers of intermediate goods decreased 0.8 percent in May, and the crude goods index fell 3.2 percent. On an unadjusted basis, prices for finished goods advanced 0.7 percent for the 12 months ended in May, the eighth straight month of slowing year-over-year increases following a 7-percent rise for the 12 months ended September 2011.
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