Wednesday, February 16, 2011

Producer Prices Continue to Rise... Feeding into Core

Bloomberg details:

Wholesale costs in the U.S. increased for a seventh consecutive month in January, led by higher prices for fuel.

The producer price index rose 0.8 percent, Labor Department figures showed today in Washington. The figure matched the median forecast in a Bloomberg News survey. The so-called core measure, which excludes volatile food and energy costs, rose 0.5 percent, the biggest rise since October 2008.

Source: BLS

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