U.S. Producer Prices Rise 0.2% in February
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.