WASHINGTON - The producer price index rose 0.4% in February on a seasonally adjusted basis, the Labor Department reported Thursday.

The increase followed a 0.1% increase in the index for January.

Core producer prices, excluding food and energy, rose 0.2%.

The February increase in the price index was less than the 0.5% gain projected by economists polled by Thomson Reuters, but the core price index increase matched their median 0.2% estimated gain.

Year-over-year the overall PPI was up 3.3%, while the core rose 3.0% year-over-year.

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