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prices showing a substantial increase in the month of February, the Labor
Department released a report on Thursday showing that
The Labor Department said its producer price index rose by 0.7 percent in February after edging up by 0.2 percent in January. Economists had expected producer prices to increase by 0.6 percent.
Excluding the jump in energy prices as well as a drop in foods prices, the core producer price index inched up by 0.2 percent in February, matching the increase seen in the previous month and economist estimates.
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