US producer prices climbed 10% in February from a year ago
ABC News
Wholesale inflation in the United States shot up 10% last month from a year earlier — another sign that inflationary pressures remain intense at all levels of the economy
Wholesale inflation in the United States shot up 10% last month from a year earlier — another sign that inflationary pressures remain intense at all levels of the economy.
The Labor Department said Tuesday that is producer price index — which tracks inflation before it hits consumers — rose 0.8% from December. The increases were in line with economists' forecasts.
The report did not include price changes after Feb. 15, missing a spike in energy prices when Russia invaded Ukraine nine days later.
Excluding volatile food and energy prices, wholesale inflation rose 0.2% from January and 8,4% from February 2021.
