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- US producer price index rose modestly in February
US producer price index rose modestly in February
According to the report from the U.S. Bureau of Labor Statistics, the Producer Price Index for final demand increased 0.5 percent in February, seasonally adjusted. This rise followed advances of 1.3 percent in January and 0.3 percent in December.
On an unadjusted basis, the final demand index moved up 2.8 percent for the 12 months ended in February, the largest increase since rising 3.1 percent for the 12 months ended October 2018.
Most of the February advance in prices for final demand can be traced to a 1.4-percent rise in the index for final demand goods. Prices for final demand services increased 0.1 percent.
Prices for final demand less foods, energy, and trade services moved up 0.2 percent in February, the tenth consecutive advance. For the 12 months ended in February, the index for final demand less foods, energy, and trade services rose 2.2 percent, the largest increase since a 2.4-percent advance for the 12 months ended May 2019.
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