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- U.S. producer prices rise slightly more than expected
U.S. producer prices rise slightly more than expected
With energy
prices showing a substantial increase in the month of February, the Labor
Department released a report on Thursday showing that
The Labor
Department said its producer price index rose by 0.7 percent in February after
edging up by 0.2 percent in January. Economists had expected producer prices to
increase by 0.6 percent.
Excluding
the jump in energy prices as well as a drop in foods prices, the core producer
price index inched up by 0.2 percent in February, matching the increase seen in
the previous month and economist estimates.
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