In recent months, inflation in core producer prices have varied by stage of production. The core finished goods index rose 0.3 percent in November, following a 0.6 percent fall in October. The price of core finished goods has otherwise risen steadily at a 1.3 percent rate over the last 12 months. As with imports and exports of industrial supplies, inflation in core intermediate goods has resumed—growing at a 5.9 percent annualized rate over the last three months compared to -3.0 percent for the three months ending in August.

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