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PPI Shows Inflation At Producer Level Mixed

Economic Update: Producer Price Index

The Labor Department reported the Producer Price Index (an indication of inflation at the wholesale level) for January rose by +0.1%, which was below the consensus estimate for a rise of +0.4%.

Prior month’s readings for comparison purposes:

  • December: -0.1%
  • November: +0.3
  • October: -0.3%
  • September: +0.8%
  • August: 0.0%
  • July: +0.2%
  • June: -0.4%
  • May: +0.2%
  • April: +0.8%
  • March: +0.7%
  • February: +1.6%

When you strip out food and energy, the so-called Core PPI came in at +0.4%, which was hotter than the consensus for +0.2% and last month’s +0.3% .

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Posted on 2/16/2012 at 8:43 AM