Wholesale prices moved down 0.3 percent in May, seasonally adjusted, the U.S. Bureau of Labor Statistics reported. This decline followed a 0.1-percent decrease in April and a 0.7-percent increase in March.
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At the earlier stages of processing, prices received by producers of intermediate goods advanced 0.4 percent and the crude goods index fell 2.8 percent. On an unadjusted basis, prices for finished goods rose 5.3 percent for the 12 months ended May 2010. This was the second consecutive month of slowing year-over-year advances after a 6.0-percent increase for the 12 months ended March 2010.
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