Thursday, March 15, 2012

Producer Prices Rose 0.4% in February

The Producer Price Index rose 0.4% in February, accelerating from the slow 0.1% growth seen in January. The year-ago change slowed to 3.4%, the lowest level in two years. The 0.4% headline growth is the strongest since September.

Core goods appreciated by 0.2%, a slowdown from the 0.4% seen in January, indicating that much of February’s headline PPI growth was a result of jumping energy prices. Prices for finished energy goods rose 1.3%, with the gasoline index rising 4.3%. Core price growth has been relatively steady, holding between 2.9%-3.0% year over year change since October.

Read the report.

No comments:

Post a Comment

Please read our comment policy before making a comment.