Inflation Heats Up Despite Easing Supply Chain Pressures

An employee works at the Kirsh Foundry in Beaver Dam, Wis., on April 12, 2018. Timothy Aeppel/Reuters File Photo

U.S. inflation is heating up despite improvements in supply chain pressures.

This comes as business activity in the United States picked up in February, according to the latest U.S. Purchasing Managers’ Index (PMI) Composite Output Index from S&P Global on Feb. 21.