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    U.S. producer price index plunges by 0.8% in January | 18.02.2015

     

    The U.S. Commerce Department released the producer price index figures on Wednesday. The U.S. producer price index dropped 0.8% in January, missing forecasts of a 0.4% decline, after a 0.2% decrease in December. December's figure was revised up from a 0.3% fall.

     

     

    That was the biggest decline since November 2009.

     

     

    On a yearly basis, the producer price index was flat in January, after a 1.1% rise in December.

     

     

    The decline was driven by lower energy prices and a stronger U.S. dollar. Wholesale energy prices dropped 10.3% in January, while food prices fell 1.1%, the largest decrease since April 2013.

     

     

    The producer price index excluding food and energy fell 0.1% in January, missing forecasts of a 0.2% increase, after a 0.3% gain in December.

     

     

    On a yearly basis, the producer price index excluding food and energy climbed 1.6% in January, after a 2.1% rise in December.


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