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To: Secret_Agent_Man who wrote (280489)	3/18/2004 8:49:28 AM
From: Terry Maloney	Respond to of 436258

And the long-awaited PPI: PPI, long-delayed government measure of wholesale inflation, stronger in January than forecast. March 18, 2004: 8:33 AM EST NEW YORK (CNN/Money) - U.S. wholesale prices surged in January, the government said Thursday, exceeding Wall Street forecasts. The Labor Department said its producer price index (PPI), a measure of wholesale prices, rose 0.6 percent after rising a revised 0.2 percent in December. The so-called core PPI, which excludes often volatile food and energy prices, rose 0.3 percent after falling 0.1 percent in December. Economists, on average, expected PPI to rise 0.4 percent and core PPI to rise 0.1 percent, according to Briefing.com. The government had delayed the PPI release for about 30 days while it adjusted some of its industry classifications. money.cnn.com