Producer prices rose 0.3% in February, seasonally adjusted, after climbing 0.6% in January, according to the U.S. Bureau of Labor Statistics. Producer prices rose 2.2% for the twelve months ended February 2017, which is the largest increase since the twelve months ended March 2012.
The index for final demand goods rose 0.3% in February. The increase was led by a 0.6% rise in the index for final demand energy. There was a smaller 0.1% increase in the index for final demand goods less food and energy.
Prices for final demand services ticked up 0.4% in February. Much of the advance was due to the index for final demand services less trade, transportation, and warehousing, which increased by 0.5%.
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