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Business
Prices jump in January
February 27, 2006
| A version of this story appeared in
Volume 84, Issue 9
U .S. chemical prices surged in January, according to data from the Labor Department. The government reports that the producer price index for all chemicals hit 203.1 (1982 = 100) in the first month of the new year, up 2.1% from December and 9.5% ahead of January 2005. Meanwhile, the producer price index for basic industrial chemicals jumped 5.6% from the previous month to 206.3. Year-to-year, the January index was 16.0% ahead of the comparable month in 2005.
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