U.S. Wholesale Prices Surge, Fueling Inflation Concerns
Irvine News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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U.S. wholesale prices surged in February, with the producer price index climbing 0.7% from January and 3.4% from the year before. Food prices led the surge, with vegetables up 49% and fruits up 10%. Core prices, excluding food and energy, also increased, beating forecasts. This data arrives ahead of the Federal Reserves meeting, where officials plan to hold steady on rates despite pressure from recent consumer reports and the war with Iran.
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