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NATIONAL ASSOCIATION OF WHOLESALER-DISTRIBUTORS REACTS TO PRODUCER PRICE INDEX

 WASHINGTON, July 13 /PRNewswire/ -- Phil Jaffa, director of communications of the National Association of Wholesaler-Distributors (NAW), issued the following response to the release today of June Producer Price Index (PPI) figures:
 Price stability is always good news. A sluggish economy is not. Today's 0.3 percent decline in the Producer Price Index provides significant evidence of both.
 Prices for finished goods, less the volatile categories of food and energy, were down 0.1 percent. Food prices were down 0.9 percent, and energy prices were down 0.5 percent. An overall look at the Producer Price Index categories suggests a relatively sluggish economy.
 One item, however, is of particular interest. Food prices at the crude level were down 3.1 percent, and the price of vegetables plunged a seasonally adjusted 37.9 percent -- a record.
 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- 7/13/93
 /CONTACT: Phil Jaffa of the National Association of Wholesaler- Distributors, 202-872-0885/


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

TW-MH -- DC012 -- 0887 07/13/93 12:27 EDT
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Publication:PR Newswire
Date:Jul 13, 1993
Words:209
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