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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: CalculatedRisk who wrote (3275)4/1/2004 9:13:35 AM
From: mishedlo  Read Replies (1) of 116555
 
U.S. Feb. PPI tame as crude, intermediate prices jump By Rex Nutting
WASHINGTON (CBS.MW) - Input prices are rising faster, but U.S. producers are not passing on those higher prices to their customers, according to Labor Department figures released Thursday. The finished goods producer price index rose a tame 0.1 percent in February after soaring 0.6 percent in January. Excluding food and energy prices, the core PPI also rose 0.1 percent in February after rising 0.3 percent in January. Intermediate goods prices rose 0.9 percent, the biggest increase in a year. Core intermediate goods prices rose 0.9 percent, the biggest gain in nine years. Crude goods prices rose 2.5 percent. Prices of basic industrial materials rose a record 5.5 percent.
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