Inflation & Prices
US Producer Prices Jump, Adding to Signs of Persisting Inflation
- Core and broader measures exceed estimates for modest rises
- Economists parse PPI for inputs into Fed’s preferred gauge
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Prices paid to US producers rose in February by the most in six months, driven by higher fuel and food costs that add to evidence inflation remains elevated.
The producer price index for final demand increased 0.6% from January, Labor Department data showed Thursday. The gauge rose 1.6% from a year earlier, the largest annual advance since September.