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NATIONAL ASSOCIATION OF WHOLESALER-DISTRIBUTORS COMMENTS ON JANUARY PPI FIGURES

 WASHINGTON, Feb. 12 /PRNewswire/ -- Ron Schreibman, vice president of the National Association of Wholesaler-Distributors (NAW), issued the following in response to release today of January Producer Price Index (PPI) figures:
 We're starting 1993 right where '92 left off -- low inflation, slow growth, and building consumer and business confidence.
 There's simply no overall volatility to inflation at the producer level. There hasn't been for the past two years and probably won't be for the coming year, either. There is too much slack in the economy, despite the expansion we're in, to rile up inflationary pressures significantly. The only cause for concern in the latest producer price report centers on some broad-based crude material price increases outside the food and energy sectors.
 We're moving in the right direction -- we just need to pedal faster and create more jobs.
 The Producer Price Index is an index of prices at which wholesaler-distributors buy from their suppliers.
 NAW is a federation of 109 national commodity line associations representing more than 40,000 firms in the wholesale distribution industry.
 -0- 2/12/93
 /CONTACT: Ron Schreibman, CAE, vice president-communications, or Philip B. Jaffa, director-communications, National Association of Wholesaler-Distributors, 202-872-0885/


CO: National Association of Wholesaler-Distributors ST: District of Columbia IN: SU: ECO

TW -- DC005 -- 6100 02/12/93 10:57 EST
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Publication:PR Newswire
Date:Feb 12, 1993
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