Inflation & Prices
Prices Paid to US Producers Increase by More Than Forecast
A worker uses a machine to bend sheet metal at a manufacturing facility in Sacramento, California.
Photographer: David Paul Morris/BloombergUS wholesale inflation unexpectedly accelerated in February from a month earlier, reflecting higher costs for goods and services prior to the war in Iran.
The producer price index rose 0.7% after a 0.5% gain in the prior month, according to Bureau of Labor Statistics data out Wednesday. An underlying gauge of wholesale inflation that excludes food and energy increased 0.5%.