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U.S. markets recover from steep losses
WASHINGTON, Jan. 20 (UPI) -- The Producer Price Index for finished goods in the United States climbed 4.4 percent in 2009, the Bureau of Labor Statistics reported Wednesday.
The annual increase was one tenth of a point less than economists had predicted. The consensus estimate called for a 4.5 percent price rise.
For the month, prices rose 0.2 percent in December, following a 1.3 percent increase in November and a 0.3 percent increase in October, the bureau said.
Core prices in the month -- prices with the variables of food and energy prices taken out -- were flat, while food prices rose 1.4 percent and energy prices fell 0.4 percent after rising in the two previous months.
Gasoline prices for producers dropped 3.2 percent in December, the report said.
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