Thursday, January 13, 2011

PPI Hits Four-Handle

Bloomberg details:

Wholesale costs in the U.S. rose in December by the most in 11 months, led by higher prices for commodities such as fuel and food. The producer price index increased 1.1 percent from November, Labor Department figures showed today in Washington. Economists projected a 0.8 percent gain for a second month, according to the median forecast in a Bloomberg News survey. The so-called core measure, which excludes volatile food and energy costs, climbed 0.2 percent, in line with estimates.
Year over year headline PPI hit 4%, but the rise does remain contained in raw material costs.

Source: PPI