The producer price of crude goods rose 3.4 percent last month and 15.9 percent in the last 12 months.  However, the price of these goods had fallen sharply in 2008 and are still 16 percent below their peak in July 2008.  Despite the rapid inflation leading up the the 2008 peak, prices are still below the 2002-2007 trendFo.

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For more, read our latest Prices Byte.

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