Producer Prices Climb In Line With Expectations

Producer prices rose +0.7 percent.

Core prices gained +0.2 percent.

That's basically in line with expectations. Non-core was expected at +0.6 percent, core at +0.2 percent.

Both came in at +0.2 percent last month.

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On an unadjusted basis, the finished goods index moved up 1.7 percent YOY, the largest 12-month increase since a 2.3-percent rise in October 2012.

The index for intermediate materials, supplies, and components moved up 1.3 percent in February, the largest increase since a 1.4-percent jump in April 2011.

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