US wholesale prices ticked up 0.1 percent in February

  • News Digest
WASHINGTON

Mar 15, 2019-

US wholesale prices barely increased last month after falling for three straight months, a sign there is little inflation pressure in the economy. The producer price index — which measures price changes before they reach the consumer — rose 0.1 percent in February, the Labour Department said Wednesday. It slipped 0.1 percent in January. Excluding volatile food and energy costs, core producer prices also rose 0.1 percent. Wholesale prices increased 1.9 percent from a year earlier, and core prices rose 2.5 percent. Despite an unemployment rate near a five-decade low and faster wage growth, inflation is tame. (AP)

Published: 15-03-2019 11:50

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