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To: AllansAlias who wrote (68328)	2/16/2001 8:36:01 AM
From: UnBelievable	Read Replies (1) \| Respond to of 436258

PPI-OVERVIEW Futures World News - February 16, 2001 08:30 --US January producer prices +1.1%; core rate +0.7% --Labor says cigarettes, autos cause "large part" of US PPI surge --Labor says ex-cigarettes, autos, US PPI core +0.3% in January --Labor says cigarettes, autos account for "large part" of PPI surge --US January intermediate producer prices +0.7%; core +0.2% --US January crude producer prices +13.9%; core +0.5% --US Jan producer prices ex-energy +0.7%; energy prices +3.8% --US Jan producer natural gas +11.3%; liquefied petroleum gas +15.3% --US January producer gasoline prices +1.6%; heating oil -3.6% --US January producer passenger car prices +1.2%; --US January food producer prices +0.8%; cigarettes +6.3% --US Jan producer capital equipment prices +0.3%, computers -5.4% By Andrew Williams, BridgeNews Washington--Feb. 16--Strong increases in energy, cigarette and passenger car prices forced the U.S. producer price index in January to rise an unexpected 1.1%, confounding predictions for a 0.2% gain. The core gauge, which excludes volatile energy and food prices, jumped 0.7%, also topping expectations for a 0.1% increase. Excluding energy prices only, the index was up 0.7%. * * * The January increase is a rapid acceleration from the unchanged level of December, which was contained by falling energy prices. The core PPI was up 0.3% in December as light truck, alcoholic beverage and prescription drug prices jumped higher. January's energy goods index rose 3.8% as most components climbed. Gasoline prices climbed 1.6%, while natural gas surged a record 11.3%, and liquefied petroleum gas jumped 15.3%. Electricity costs rose 1.4%. However, home heating oil fell 3.6%. The core rate was boosted by cigarette prices, which rose 6.3% in January, and passenger car prices, which rose 1.2%, the biggest increase since October 1999. In contrast to most increases in producer prices, computers continued to decline, falling 5.4% in January. WHAT WAS EXPECTED: The PPI was above the estimates of private analysts, which ranged from unchanged to up 0.9%. The core PPI was also far above expectations, which ranged from down 0.1% to up 0.3%.