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In the services sector, which relies much less on energy, transport and oil-based inputs, prices are still rising (see chart 2).For those selling durable goods, deflation may seem more worrying.
This fact manifests itself as a greater persistence in final prices, with respect to other sectors whose inputs prices are proven to be more flexible.
The economic measure, however, explicitly considers the economically optimum potential output which could be produced given the capital stock, the technology, inputs prices, output prices when outputs are not fixed, and technically efficient and fully-utilized factors of production as appropriate to achieve maximum profit or minimum cost.
The networks provided essential data on crops, inputs, prices, markets, weather conditions, social services, credit facilities, etc. Messages were generated, processed, transmitted through low-cost computers via the Internet and delivered to farmers' organizations, cooperatives, town councils, etc., which were equipped with computers, modems and printers (Figure).
Similar(56)
Input prices rose 1.1 percent last month, roughly twice the expected amount.
Meanwhile, relatively muted input prices are helping eurozone manufacturers to price competitively.
Cranswick continues to perform well despite the increase in input prices.
No business, investor or government likes increasing volatility in its input prices.
Input prices fell further than at any time since December 2008, falling 2.5% compared to the 1.3% forecast.
Thanks mainly to rising oil prices, manufacturers' input prices rose by 2.9% in November alone.
But all US heavy industries are benefiting from lower energy prices, and lower input prices for chemicals, says Mackenzie.
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