U.S. PPI for final demand up 0.1 pct in February

Source: Xinhua| 2019-03-14 13:29:45|Editor: Xiang Bo
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HOUSTON, March 13 (Xinhua) -- The Producer Price Index (PPI) for final demand rose 0.1 percent in February, seasonally adjusted, the U.S. Department of Labor reported on Wednesday.

Final demand prices fell by 0.1 percent in both January and December. On an unadjusted basis, the final demand index moved up 1.9 percent for the 12 months ending in February.

In February, the increase in the final demand index was attributable to a 0.4-percent advance in prices for final demand goods. Over 80 percent of the advance can be traced to prices for final demand energy, which rose 1.8 percent.

The index for final demand services was unchanged in February following a 0.3-percent rise in January.

The index for final demand less foods, energy, and trade services inched up 0.1 percent in February following a 0.2-percent advance in January. For the 12 months ending in February, prices for final demand less foods, energy, and trade services climbed 2.3 percent.

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