"February's Inflation Data Sparks Economic Concerns"
TL;DR Summary
The Producer Price Index (PPI) for February rose 1.6% annually, driven by a surge in energy prices, exceeding economists' expectations. Core PPI, which excludes food and energy, rose 0.3% for the month. The increase in energy prices also impacted the Consumer Price Index (CPI), which rose to a 3.2% annual increase, driven by higher gas prices. While the Federal Reserve closely monitors core inflation, the recent reports keep the Fed on alert and may impact future monetary policy decisions.
- Yet another inflation gauge came in hot for February CNN
- Wholesale Inflation Comes in Hot, With Energy Costs the Culprit U.S. News & World Report
- Producer Price Data Will Be the Fed’s Last Look at Inflation Before Rate Decision Barron's
- New Inflation Numbers Keep Economic Concerns Front and Center Reason
- CPI report: Consumer inflation and prices were up again in February The Associated Press
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