US: Annual PPI ticks down to 1.9% in February as expected

"The Producer Price Index for final demand edged up 0.1 percent in February, seasonally adjusted," the U.S. Bureau of Labor Statistics announced today and added: "Final demand prices fell 0.1 percent in both January and December. (See table A.) On an unadjusted basis, the final demand index moved up 1.9 percent for the 12 months ended in February." 

Key takeaways from the press release

• 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 ended in February, prices for final demand less foods, energy, and trade services climbed 2.3 percent.