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Thursday, January 13, 2011

December Producer Price Index

December Producer Price Index was released today.  The Producer Price Index measures change in the price of finished goods and services sold by producers. It is considered a leading indicator of consumer inflation, these increases in producer prices usually get passed onto the consumer.  The forecast  called for 0.8%, but the actual headline number came in at 1.1%.  Energy led the way in the increase of the index with an increase in December of 3.7%.  Crude materials increased 4.0% in the month of December as well.  Core PPI is PPI with food and energy removed.   The forecast for Core PPI called for 0.2%, and the actual headline number came in at 0.2%.

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