The industrial producer price index (PPI) fell 0.9% year-on-year in February, following a 1.8% decrease in the previous month. Among the main industrial groupings, prices for intermediate goods decreased 5.5% from last year, and those for non-durable consumer goods were 1.3% lower.
Meanwhile, energy prices rose 0.7%. Excluding energy, industrial producer prices declined at a stable rate of 1.7%.
On a monthly comparison basis, producer prices climbed 0.5% in February, versus an expected rise of 0.3%.
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