US producer prices edge past forecasts in February, amid surge in energy costs
By Alexander Bueso
Date: Tuesday 15 Mar 2022
(Sharecast News) - Wholesale price pressures in the US edged past forecasts last month amid a spike in energy prices.
According to the Department of Labor, the headline rate of year-on-year increase in total final demand prices was steady versus the month before at 10.0% (Barclays Research: 9.8%).
In comparison to January however, the 0.8% month-on-month increase in prices was exactly as expected by economists at Barclays.
Food prices jumped by 1.9% versus January, alongside a 8.2% surge in those for energy.
On the services side of the equation, prices were flat, even as transportation and warehousing costs jumped by 1.9%.
-- More to follow --
Special promo:
Trading the Forex Market? Visit FXmania.com to get advanced infomation about currencies and the Foreign Exchange
Market.
Email this article to a friend
or share it with one of these popular networks:
You are here: news
10 Lower Thames St,
London EC3R 6EN