Tuesday, March 18, 2008

Core inflation higher at wholesale level

Prices excluding food and energy surpass forecasts, with natural gas and unleaded gasoline leading the way.

Inflation at the wholesale level met most estimates in February, the Labor Department said Tuesday, but core inflation, which excludes food and energy, rose more than expected.

Wholesale prices rose 0.3% last month, in line with the 0.3% expected by a consensus of analysts polled by Briefing.com.

Minus food and energy, wholesale inflation rose 0.5%, an increase from the 0.4% reported for January. Analysts had predicted an increase of just 0.2%.

The Labor Department's Producer Price Index is a key measure of price inflation.

Read Complete Story

No comments: