Over one month, the producer price index (PPI) rose 0.8%, when analysts were expecting a rise of 1.0%.
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The rise in wholesale prices in the United States remained stable at a high rate of 10% year on year in February, due in particular to energy prices, but slowed down over a month, the Labor Department said on Tuesday.
In February over one month, the producer price index (PPI) rose 0.8%, when analysts were expecting a rise of 1.0%. That marks a slowdown from the previous month, when wholesale prices rose 1.2% month on month, according to upwardly revised data also released on Tuesday.
The rise in the prices of services remained stable, but that of goods continued to accelerate, to +2.4%, “the strongest increase since the data were calculated for the first time in December 2009”, specifies the Labor Department in its statement.
“Two-thirds of the rise can be attributed to an 8.2% jump in the index” measuring energy prices, it is specified.
The PPI index is a measure of inflation that takes into account prices from the point of view of manufacturers and sellers. The consumer price indices PCE and CPI measure the evolution of prices on the consumer side.
CPI inflation hit 7.9% year on year in February, its fastest pace in 40 years.
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