Wholesale Prices in U.S. Rose in February on Fuel Costs

Wholesale prices in the U.S. climbed in February for a second month, reflecting a jump in energy costs that are now dissipating.

The 0.7 percent increase in the producer price index matched the median estimate in a Bloomberg survey of 72 economists and followed a 0.2 percent advance the prior month, Labor Department figures showed today in Washington. Excluding volatile food and energy, the so-called core measure rose 0.2 percent, the same as in January.