U.S. Producer Prices Rise 0.2% in February

14/03/2018 12:32:06 Economic Indicators

U.S. producer prices rose in February, according to data released on Wednesday.

The Labor Department said its producer price index increased 0.2% last month. In the 12 months through February, the PPI rose 2.8%.

Economists had forecast the PPI rising 0.1% last month and increasing 2.8% from a year ago.

The so-called core PPI increased 0.2% from a month earlier and rose 2.5% in the 12 months through February.

Core PPI is a key gauge of underlying producer price pressures that excludes food and energy costs.