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REACTION TO PRODUCER PRICE INDEX & RETAIL SALES REPORTS

 REACTION TO PRODUCER PRICE INDEX & RETAIL SALES REPORTS
 WASHINGTON, Nov. 10 /PRNewswire/ -- Ron Schreibman, vice president of the National Association of Wholesaler-Distributors (NAW), issued the following statement in response to today's release of October Producer Price Index (PPI) Figures:
 Once again, producer prices bring excellent news regarding the continued absence of inflation in this economy. At all three stages of processing -- crude, intermediate and finished -- the data are very much in line with expectations.
 Finished goods prices have followed a non-inflationary path for the past two years. Part of the Bush administration economic legacy will be that it left behind low, low inflation -- 1.9 percent at the finished goods producer level for this year-to-date, for example.
 Producer prices under the Clinton administration will bear careful watching to determine what effect stimulative actions he may take to "Get the economy moving again" will have on inflation. There's enough slack in this economy, however, that renewed inflationary pressure, if it occurs, probably won't show up for several months.
 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- 11/10/92
 /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


DC -- DC013 -- 9254 11/10/92 11:47 EST
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Publication:PR Newswire
Date:Nov 10, 1992
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