US producer prices dip in February

In January, the Labor Department's consumer cost index had been up 1.6 percent pertaining to 12 months.
US producer prices dip within February - Yahoo News. Excluding food and also power prices, merchandise prices had been up 0.2 percent.

The pullback had been led by a 0.3 percent drop throughout rates with regard to services, the largest decline since May.



On any 12-month basis, PPI was up 0.9 percent, the littlest acquire since last May.

Washington (AFP) - US producer rates fell slightly inside February, led by method of a sex cams drop within costs compensated pertaining to services, in accordance with official data released Friday which factors to continued tepid inflation.

Inflation remains well under the particular Federal Reserve's 2.0 % target pertaining to price stability as the economy nonetheless recovers from the severe recession in which ended throughout mid-2009.

The Labor Department mentioned its producer value index fell 0.1 % within February, following a couple of consecutive weeks associated with minor rises.
Goods costs rose 0.4 percent for a second month in the row, pulled higher with a 0.6 % surge in meals costs along along with a 0.5 percent gain inside energy prices.

Budget, Tax & Economyproducer value index

The February fall surprised analysts, whose typical estimate was regarding PPI for you to rise 0.2 percent, matching the actual January increase.
In December, your personal consumption expenditures value index, your Fed's preferred inflation measure, ended up being up 1.1 percent year-on-year

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