U.S. producer prices increase 0.3% in February

March 14, 2017 08:18 AM

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U.S. producer prices moderated in February, but the trend pointed to a steady building up of inflation pressures.

The Labor Department said on Tuesday its producer price index for final demand increased 0.3% last month after rising 0.6% in January.

In the 12 months through February, the PPI jumped 2.2% after rising 1.6% in January. Economists polled by Reuters had forecast the PPI edging up 0.1% last month and rising 2.0% year-on-year

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