Fri, 11 May 2012 14:36:13 GMT
US producer price index drops
After three consecutive months of non negative changes, US producer price index decreased by 0.2% although no change was anticipated in April. According to specialists, this was mainly due to falling prices of core materials such as fuel, crude oil and intermediate goods. In past year index increased by 1.9% which is the smallest 12 month change in almost two and a half years.