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Producer Prices Rose In February

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Unread 03.14.13, 03:28 PM
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Producer Prices Rose In February

03.14.13 01:14 PM

WASHINGTON (UPI) — The U.S. Producer Price Index for finished goods matched up with expectations in February, the Bureau of Labor Statistics reported Wednesday.

Prices producers received were up 1.7 percent on an annual basis, in line with the consensus forecast. Core prices, which exclude prices for finished food and energy items, also rose 0.2 percent, matching both January’s rise and the consensus forecast.

Separately, prices for food items fell 0.5 percent month to month, while energy prices rose 3 percent, the bureau said.

That is a reverse from January, when energy prices fell and food prices rose slightly.

Prices for intermediate goods rose 1.3 percent, while prices for crude goods — essentially raw materials — fell 0.3 percent.Jobless claims drop by 10,000Thursday, March 14, 2013 8:00 AMWASHINGTON, March 14 (UPI) –* The U.S. Labor Department said first-time jobless benefits claims dropped by 10,000 to 332,000 in the week that ended last Saturday.

Initial claims for unemployment benefits fell from a revised 342,000 from the previous week. Last week’s number of claims had been reported at 340,000.

The four-week rolling average for the week dropped 2,750 to 346,750.

The largest increases in claims for the week that ended March 2 were in California with a jump of 11,720 and New York with a gain of 7,900. The largest declines were in Massachusetts and North Carolina drops of 4,193 and 1,146, respectively.

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