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Feb final demand PPI data suggest inflation.>

US DATA
US DATA: Feb final demand PPI data suggest inflation was modest, rising 
by 0.2% overall, with gains of 0.2% for ex. food and energy and +0.4% 
ex. food, energy, and trade services, close to expectations. 
- The personal consumption price measures, sometimes used to preview PCE 
prices were also near expectations in the month and suggest some modest 
upside risk to measures of consumer inflation.
- Energy prices were down 0.5% in the month, while food prices fell 0.4%
and trade services were down 0.2%.
- Overall PPI now +2.8% y/y vs +2.7% in Jan, ex food and energy 
+2.5% y/y vs +2.2%, ex food, energy and trade services +2.7% y/y vs 
+2.5%, showing some acceleration.

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