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The
seasonally adjusted Consumer
Price Index for All Urban Consumers (CPI -U)
increased 0.3 percent in December. Over the last 12 months, the all items index
increased 1.5 percent before seasonal adjustment. Advances in energy and shelter
indexes were major factors behind the increase in the seasonally adjusted all
items index.
The
seasonally adjusted Producer
Price Index for finished goods (PPI) advanced 0.4 percent in December.
Prices for finished goods declined 0.1 percent in November and 0.2 percent in
October. At the earlier stages of processing, prices received by producers of
intermediate goods rose 0.6 percent in December, and the crude goods index
climbed 2.4 percent. On an unadjusted basis, prices for finished goods
increased 1.2 percent in 2013 compared with a 1.4 percent advance in 2012.
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Most
of the price indices we track were unchanged in December; only one (Softwood
Lumber) declined relative to the previous month. All indices were either
unchanged or higher than a year earlier. The indices of Wood Fiber and Pulp,
Paper & Allied Products once again achieved new all-time highs.
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The foregoing comments represent the
general economic views and analysis of Delphi
Advisors, and are provided solely for the purpose of information, instruction
and discourse. They do not constitute a solicitation or recommendation
regarding any investment.
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