Tuesday, March 18, 2008

Producer Price Index

Prices paid at the wholesale level increased by 0.3% in February, after a 1.0% gain in January. A worrisome trend of higher prices may be developing, as two months of data indicate. Core prices also increased, posting a hefty 0.5% gain. The PPI number was in line with economists expectations, while the core number was above the 0.2% estimate.

Over the last 12 months, producer prices have increased by 6.4%. Core prices over the same time climbed 2.4%.

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