PPI lower than expected

19 December 2008 - 02:00
By unknown

Lower oil, grain and iron ore prices brought in a better-than-expected November producer price index of 12,6percent, well down from August's peak of 19,1percent. But unpacking the data provided some shocks. For instance, the price of eggs at the farm gate rocketed 13,7percent from October to November, fruits and nuts got 13,3percent more expensive, and vegetables rose 11,8percent. - Robert Laing

Lower oil, grain and iron ore prices brought in a better-than-expected November producer price index of 12,6percent, well down from August's peak of 19,1percent. But unpacking the data provided some shocks. For instance, the price of eggs at the farm gate rocketed 13,7percent from October to November, fruits and nuts got 13,3percent more expensive, and vegetables rose 11,8percent. - Robert Laing