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US Producer Prices Increase, Underlying Inflation Moderate

(AP Photo/David Zalubowski)

NewsMax

U.S. producer prices increased strongly in February, leading to the largest annual gain in nearly 2-1/2 years, but considerable slack in the labor market could make it harder for businesses to pass on the higher costs to consumers.

The producer price index for final demand rose 0.5% last month, the Labor Department said on Friday. That followed a 1.3% jump in January, which was biggest advance since December 2009.

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https://www.newsmax.com/finance/streettalk/us-producer-prices-increase-inflation/2021/03/12/id/1013588/

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