Producer Price Index in U.S. up by 0.4% in February.

Thursday, 15 March 2012 03:46

The producer price index increased in February by 0.4% after 0.1% rise in January- Department of Labor reported today.

Analysts expected 0.5% PPI improvement in February.

On a yearly basics index rose at 3.3% annual pace, following 4.1% rate in prior month.

The core producer price index (excluding food and energy) rose by 0.2%, as expected.