Producer Prices Edged up 0.1 percent in February

Producer prices rose 0.1 percent in February, seasonally adjusted, after falling 0.1 percent in January and December, according to the U.S. Bureau of Labor Statistics. Producer prices rose 1.9 percent on an un-adjusted basis for the twelve months ending in February.

The index for final demand goods inched up 0.1 percent in February, following last month’s 0.2 percent increase. The index for final demand energy was the biggest boost, rising 1.8 percent, while prices for final demand goods less foods and energy fell 0.3 percent.

Prices for final demand services were unchanged in February. Prices for final demand transportation and warehousing declined 1.3 percent in February after increasing 0.5 percent in November. Prices for final demand trade declined 0.4%.

Read the BLS release.



About Author

Hugo Dante is an economist in Washington, D.C. He was previously an economic research specialist at ABA. In addition to the ABA Banking Journal, his writing has appeared in The Hill, The National Interest and Townhall. Views expressed here are his own.