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22 March 2006

Sharp fall in US producer prices

Wholesale prices in the US fell by a steeper-than-expected rate last month, the biggest fall in almost three years as energy and food prices dropped. The Labour Department's producer price index (PPI) fell 1.4% in February, far more than the 0.2% forecast by Wall Street economists.

Further information can be found by following the link below: Bls News release

Economic Research Unit
Franklin + Andrews

eru@franklinandrews.com

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