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US producer prices increased 10% in February
from a year ago

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Posted By: Dreadnought, 3/15/2022 6:06:09 PM

Prices paid to U.S. producers rose strongly in February on higher costs of goods, underscoring inflationary pressures that set the stage for a Federal Reserve rate hike this week. The producer price index for final demand increased 10% from February of last year and 0.8% from the prior month, Labor Department data showed Tuesday. That followed an upwardly revised 1.2% monthly gain in JanuaryThe median forecasts in a Bloomberg survey of economists called for a 10% year-over-year increase and a 0.9% monthly advance. Two-year Treasury yields extended declines and U.S. stock futures rose after the data showed producer prices rose less than expected

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Reply 1 - Posted by: Ida Lou Pino 3/15/2022 6:37:33 PM (No. 1101046)
A white racist conspiracy against black and brown people - - - - - or something - - - - - - - - something Trump!
4 people like this.

Reply 2 - Posted by: Bur Oak 3/15/2022 7:27:44 PM (No. 1101083)
Unexpectedly!
3 people like this.

Reply 3 - Posted by: czechlist 3/15/2022 7:45:29 PM (No. 1101085)
Damn Putin and Trump conspired to undermine bidet !!! Hillary and Schiff told me so and I'm waiting for the MSM to break the story
3 people like this.

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US producer prices increased 10% in February
from a year ago
3 replies
Posted by Dreadnought 3/15/2022 6:06:09 PM Post Reply
Prices paid to U.S. producers rose strongly in February on higher costs of goods, underscoring inflationary pressures that set the stage for a Federal Reserve rate hike this week. The producer price index for final demand increased 10% from February of last year and 0.8% from the prior month, Labor Department data showed Tuesday. That followed an upwardly revised 1.2% monthly gain in JanuaryThe median forecasts in a Bloomberg survey of economists called for a 10% year-over-year increase and a 0.9% monthly advance. Two-year Treasury yields extended declines and U.S. stock futures rose after the data showed producer prices rose less than expected
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