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July 2009

Producer prices reverse course in 2008

Joseph Kowal, William F. Snyders, Antonio Lombardozzi, Lana Borgie

After surging in 2007 and the first 7 months of 2008, prices for energy goods plummeted during the final 5 months of the year; similarly, inflation in food prices slowed significantly in 2008, following a steep runup in 2007 and early-to-mid 2008.

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