Wholesale Prices in U.S. Increase by Most in Five Months
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Wholesale prices in the U.S. climbed in February by the most in five months, reflecting a jump in fuel costs that Federal Reserve officials project will be temporary.
The producer price index rose 0.4 percent following a 0.1 percent increase the prior month, Labor Department figures showed today in Washington. Economists projected a 0.5 percent gain, according to the median estimate in a Bloomberg News survey. The core measure excluding volatile food and energy rose 0.2 percent, less than in the prior month.