U.S. producer prices rose 0.6% in February, exceeding expectations, with annual rate increasing to 1.6%.
U.S. producer prices rose 0.6% in February, significantly exceeding expectations of a 0.3% increase, according to a report from the Labor Department. The annual rate of producer price growth accelerated to 1.6% in February from 1.0% in January, indicating that inflation pressures remain elevated. Economists had expected a 1.1% year-over-year price growth.
March 14, 2024
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