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Wholesale inflation rose 0.6% in February‚ much more than expected
Wholesale prices accelerated at a faster-than-expected pace in February‚ another reminder that inflation remains a troublesome issue for the U.S. economy.
The producer price index‚ which measures pipeline costs for raw‚ intermediate and finished goods‚ jumped 0.6% on the month‚ the Labor Department’s Bureau of Labor Statistics reported Thursday. That was higher than the 0.3% forecast from Dow Jones and comes after a 0.3% increase in January.
Excluding food and energy‚ the core PPI...