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May 1994

Producer price rises slowed in improving economy in 1993

Craig Howell, Harry Briggs

A moderate economic recovery, industry cost-cutting to boost productivity, and weak overseas demand contributed to relatively small price increases for producers. In 1993, finished goods prices rose 0.2 percent, while prices for finished goods excluding food and energy rose 0.4 percent. This article summarizes the changes in producer prices during 1993, including those for food, energy, intermediate materials, crude materials, and selected industries.

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