The 2020 Mid-Year Economic Update_long

Wholesale Prices Rise 1% in January

The Producer Price Index for Finished Goods rose 1.0 percent in January, seasonally adjusted, the Bureau of Labor Statistics of the U.S. Department of Labor reported. This increase followed a decline of 0.3 percent in December and a 2.6-percent advance in November. At the earlier stages of processing, prices for intermediate goods moved up 1.4 percent after falling 0.2 percent in the prior month, and the crude goods index increased 2.5 percent following a 1.1-percent advance in December.
 
The index for materials and components for construction climbed 0.4 percent in January after inching up 0.1 percent in December. Prices for nonferrous wire and cable jumped 3.8 percent in January following a 3.3-percent drop a month earlier. The index for millwork also turned up after falling ...

The Producer Price Index for Finished Goods rose 1.0 percent in January, seasonally adjusted, the Bureau of Labor Statistics of the U.S. Department of Labor reported. This increase followed a decline of 0.3 percent in December and a 2.6-percent advance in November. At the earlier stages of processing, prices for intermediate goods moved up 1.4 percent after falling 0.2 percent in the prior month, and the crude goods index increased 2.5 percent following a 1.1-percent advance in December.
 
The index for materials and components for construction climbed 0.4 percent in January after inching up 0.1 percent in December. Prices for nonferrous wire and cable jumped 3.8 percent in January following a 3.3-percent drop a month earlier. The index for millwork also turned up after falling in December.

Prices for paving mixtures and blocks, asphalt felts and coatings, and wiring devices rose more in January than they had in the previous month. Conversely, the index for fabricated structural metal products advanced 0.2 percent compared with a 0.5-percent increase in December. Prices for concrete products and for prefabricated wood buildings and components turned down in January. The softwood lumber index declined more than in the preceding month.

The index for intermediate foods and feeds moved up 3.3 percent in January following a 2.3-percent rise in December. Leading this acceleration, prices for prepared animal feeds increased 4.8 percent in January after advancing 1.7 percent a month earlier. The index for confectionery materials also climbed at a faster rate than it had in December. Prices for fluid milk products and pork turned up in January.

The indexes for soft drink liquid beverage bases and snack chips rose following no change in December. By contrast, flour prices increased 3.3 percent in January after surging 12.2 percent in the prior month. The indexes for natural, processed, and imitation cheese and for refined sugar and byproducts turned down in January.

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