AGC: PPI plunges but some construction items rise

The producer price index for finished goods had a record single-month drop in October: 2.6 percent, not seasonally adjusted (-2.8 percent, seasonally adjusted), the Bureau of Labor Statistics reported on Tuesday, although the index still rose 3.7 percent over 12 months. The PPI for inputs to construction industries, which is a weighted average of materials used in every type of construction plus items such as diesel fuel that are consumed by contractors, fell 2.8 percent for the month, not seasonally adjusted, but was up 10 percent from October 2007, according to a Nov. 23 Data DIGest report.

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