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Industrial product and raw materials price indexes, January 2015
The Industrial Product Price Index (IPPI) declined 0.4% in January, largely as a result of lower prices for energy and petroleum products. The Raw Materials Price Index (RMPI) decreased 7.7% in January, mainly because of lower prices for crude energy products. The IPPI (-0.4%) declined for a fifth consecutive month in January, following a 1.5% decline the previous month. Despite the decline in the IPPI, 18 commodity groups were up, while 2 were down, and 1 was unchanged. Energy and petroleum products (-11.2%) posted another substantial decline in January and have decreased 30% since June 2014. The drop in January was ... (full story)