Headline: PPI rose 0.4 percent in February, coming in lower than expectations.
Core PPI climbed 0.2 percent in line with estimates.
On an unadjusted basis, the finished goods rose 3.3 percent for the 12 months ended February 2012.
Energy costs which jumped 1.3 percent, after falling 0.5 percent the previous month, weighed on PPI. Gasoline was up 4.3 percent.
Read the full release here.
Consensus: Analysts expect PPI to increase 0.5 percent month-over-month (MoM). Core PPI which excludes food and energy is expected to rise 0.2 percent MoM.
Analysis: PPI is a key indicator of commodity prices in the manufacturing sector which eventually trickle down to the consumer. It measures the average change in prices from the seller's side.
PPI rebounded 0.1 percent in January, while core PPI grew 0.4 percent. Last month inflation was driven by pharmaceuticals, light trucks, and tobacco products.
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Source: http://feedproxy.google.com/~r/TheMoneyGame/~3/iHy2I0zLtbw/february-ppi-rises-04-percent-2012-3
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