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July 2008

Producer inflation accelerates in 2007 due to rising prices for energy and foods

Joseph Kowal, Antonio Lombardozzi, William F. Snyders, Scott Sager

Prices for energy goods surged in 2007, after falling in 2006, while food prices increased more than they had a year earlier; in contrast, the stage-of-processing indexes for goods excluding foods and energy advanced in 2007 at rates similar to those of 2006.

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