Municipal prices inched up 1/8 to 1/4 point in light trading yesterday in sympathy with the Treasury market as traders look for good inflation news from today's producer price index report.

Early yesterday, prices declined after initial state unemployment insurance claims decreased 35,000 to a seasonally adjusted 388,000 in the week ended June 29. The number of people receiving state unemployment benefits fell 119,000, to 3.412 million in the week ended June 22.

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