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ECON: Producer Prices Slightly Weaker, Core As-Expected
Posted to: Micro News
Wednesday, February 20, 2013 8:44 AM
- January PPI +0.2 vs +0.4 consensus
- Core PPI +0.2 vs +0.2 consensus
- Energy Prices Fell (gas -2.1, heating oil -0.5)
- Food +0.7, Labor Dept. says 'more than 3 quarters of the rise in January PPI is attributable to increase in food prices.'
The Producer Price Index for finished goods advanced 0.2 percent in January, seasonally
adjusted, the U.S. Bureau of Labor Statistics reported today. Prices for finished goods declined
0.3 percent in December and 0.4 percent in November. At the earlier stages of processing, the
index for intermediate goods was unchanged in January, and crude goods prices increased 0.8
percent. On an unadjusted basis, the finished goods index advanced 1.4 percent for the 12
months ended January 2013.
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