US producer prices surge in February
PS | Mar 16
February producer prices rose by a much stronger than expected rise of 0.8% to 1,6% in the January of the following month. Expectations had been a significant increase of 0.7%, while the more moderate use. Strong monthly increase led the jumping from 3,6% to 5.6% in January, the annual interest rate. On the basis of the expected core prices rose by 0.2%, although this was sufficient to move the annual grade not exceeding 1,8% to 1,6% in January and the last quarterly small or 0.9% at the end of the year 2009.
Wholesale prices of up to 1.6% of the food, the sharp increase in the
LA Times | Mar 16
David Resler, Nomura Securities economist said the jump in prices is likely to be temporary, echoing the comments made by the Federal Reserve on Tuesday. Much of the increase in food prices was due to the winter freezes in Florida, Texas and the other agricultural sectors Resler said. The main reason that motorists are facing higher gas prices in the instability of the Middle East. "Food and petrol prices are going to put an end to grow so quickly," Resler said. But John Ryding, RDQ economics, objected to the economist, is aware of the impact on consumers, for a period of time. "We do not need to buy the Fed to ensure that these pressures must be temporary and we believe that the rise of the public from seeing these high food and energy? bear back down their inflation expectations, "Ryding said.
Bubbles-tyre pressure, Home construction dives
Reuters | Mar 16
Economists said the jump in food and energy costs, which drove the US producer price index higher last month is likely to steal the other spending and slow growth. "I do not believe that this is a general rise in prices, it is not the kind of inflationary spiral, but some of the goods, pricing pressures, begin with", said Brian Levitt, economist at OppenheimerFunds in New York.
Market comments
MorganKeegan | Mar 16
Surprise came this morning on the investment in the PPI report. During the month of February, the producer price index increased by 1.6%, which is fairly widely expected slightly higher than the 0.7%. On the basis of this year, more than a year to translate the 5.6% growth closer to expectations against the growth of 4.7%. The report of the silver lining is that the core of the producer-level inflation became more or less monthly increase 0.2% and 1.8% in more than a year of growth as expected. This leaves us to wonder about a couple of questions: (1) a producer-level inflation in consumer prices and wraps (2) how much longer can we credibly that the energy and food inflation does not really count? Tomorrow's CPI report should provide some tips for the first question, but only time will tell you if the investment policy of the community will eventually be ignored in food and energy prices, when you calculate the inflation rate.
US producer prices jump higher food and Energy prices
RTT: N News | Mar 16
Paul Ashworth, Chief U.s. Economist, is the capital Economics: "we have been warning for some time 85% of the development of agricultural raw materials prices, since last summer, eventually through the PPI and CPI feed and here is. Plenty More coming in the coming months, even though agricultural raw materials prices have fallen back to a few fairly strongly over the past week, "he added.
The producer price index for the United States:
Moody's Analytics/Dismal Scientist | Mar 16
Excluding food and energy, on the other hand, the finished goods prices increased by 0.2% in February, core. The prices of the goods, the intermediate and rough nuclear were also higher in February. An increase in the prices at all stages of production include the improvement of the strength of the recovery. In addition, the faster the previous stages of the production begins with the inflation of the modest inflationary pressures to place nuclear index trend, which will continue in the coming months.
Producer prices, the highest since 1974
Progressive Grocer | Mar 16
February 2011, the largest one month increase marked in the 37 years of wholesale food prices, climbing by 3.9%. According to the latest version of the analysis that the producer price index report by the Food Institute, which indicates that the wholesale prices have experienced many years of this Great increase. This number was exceeded only by November 1974, when spiraling oil prices led to a sharp rise in food prices on the basis of the principle of equivalence of 4.2%. Food retailers in the United States have been very adept at holding, the price increases of at least 18 months, but in the future, make it difficult for that task, the month of February, the food for the brain, says Todd, Managing Director of the Institute in the past.
The rising wholesale prices inflation alarm bells ring
CNNMoney | Mar 16
"today, the cause of the asset in relation to 2008, the big difference is that the underlying demand is considerably more reliable. This means that the price gains are more likely to stick, "said Joseph LaVorgna, Chief U.s. economist for Deutsche Bank note.
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