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Excluding food and energy costs, the core PPI rose 0.1 percent, less than economists expected.
FORBES: Daily Wrap
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Up 0.3%, core PPI was boosted by a rebound in the vehicle components.
FORBES: PPI Shows Easing Pent Up Inflation, Giving Bernanke More Room
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The surprise in this report, though, was the bigger than expected jump in core PPI, which excludes food and energy.
FORBES: PPI Shows Easing Pent Up Inflation, Giving Bernanke More Room
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Core PPI was also higher than expected, by 0.2% versus 0.1% expected.
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With an economy barely moving above stall speed, core PPI rose 0.4% in July, indicating that inflation is picking up outside the volatile food and energy categories.
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The core PPI was up 0.2%.
FORBES: FOCUS: Falling Commodity Prices, Slowing Global Growth Stir Deflation Thoughts
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Year-over-year, PPI fell 1 percentage point go 5.9% while core rose to 2.8%.
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Bernanke will overlook the largest YoY increase in PPI since May and instead worry about the deflation anticipated by core prices.
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Headline PPI slid 0.1% last month on lower food and energy costs, while the less volatile core measure surprised analysts jumping 0.3%.
FORBES: PPI Shows Easing Pent Up Inflation, Giving Bernanke More Room
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With a 440 ppi screen, text on this Android device is crisp and super-retinal, and the quad-core 1.5GHz Snapdragon chip and 2GB of RAM should give it plenty of power, as should an oversize battery to keep up with all those pixels.
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