Producer prices ran hotter than expected for the second straight month, fueled by an increase in energy costs, serving as a reminder that the inflation fight may be far from over.
In February, the producer price index (PPI), a measurement of the amount received by producers for goods, surged by 0.6 percent, up from January’s 0.3 percent increase, according to the Bureau of Labor Statistics (BLS). The consensus estimate was 0.3 percent.
