In February, the United States witnessed a significant uptick in wholesale prices for the second straight month, indicating persistent inflation pressures that may not subside as quickly as anticipated by the Federal Reserve or the Biden administration. The Producer Price Index (PPI) for February surged by 1.6% year-over-year, a notable increase from January's 1% rise and surpassing the consensus forecast of 1.2%. This acceleration in wholesale prices, especially marked by a 0.6% rise in final demand and led by energy prices, underscores the ongoing challenges in curbing inflation. Additionally, the U.S. 10-year Treasury yields experienced a nearly 10 basis points jump to 4.29% following the inflation data, reflecting market reactions to the inflationary pressures. Import prices also rose for the second consecutive month, adding to the inflation concerns. The Consumer Price Index saw a rise, increasing by 3.2% in February, albeit slightly up from January but still below the 9.1% inflation rate observed in 2022.
In February, US inflation posted its biggest rise since last summer, rising 0.6% according to the Producer Price Index. https://t.co/LUpbklREBs
The Producer Price Index (PPI) rose again in February, jumping 1.6 percent compared to the same time last year. January’s jump in the PPI... Read more: https://t.co/ds0k8VHJ19 ⬆️ ⬆️ ⬆️
Why is inflation going up? The U.S. Consumer Price index rose 3.2 percent in February up slightly from January, but still below the 9.1 percent inflation seen in 2022. What does this all mean? CGTN's Owen Fairclough explains. #CGTNnews #cgtnamerica https://t.co/CF3pfszYSk
Producer Price Index Rises Again Sparking Renewed Inflation Fears. Read more: https://t.co/RnBS6jrwcX The Producer Price Index (PPI) rose again in February, jumping 1.6 percent compared to the same t...
Import prices rise for second month in a row and add to U.S. inflation https://t.co/UKjwPK9Q03
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. https://t.co/wD28SQTtFM
Why is inflation going up? The U.S. Consumer Price index rose 3.2 percent in February up slightly from January, but still below the 9.1 percent inflation seen in 2022. What does this all mean? https://t.co/jixtZG2nm6
Wholesale-price increases add to picture of persistent inflation https://t.co/vlPl5zoI8n
Inflation rose to 1.6% in February in producer price index, much hotter than expected https://t.co/PDLOFNWg9H https://t.co/PDLOFNWg9H
Wholesale prices accelerated at a faster-than-expected pace in February, another reminder that inflation remains a troublesome issue for the U.S. economy. https://t.co/wUBXdG3VUq
February's Producer Price Index signals areas of both concern and control. With an overall 0.6% rise in final demand and energy prices leading the charge, the fight against rising costs takes a nuanced turn. https://t.co/KawokNDOzY
US 10y yields jump almost 10bps to 4.29% after another #inflation disappointment. Producer Prices for Feb ran hot, w/headline +1.6% YoY, up from +1% in Jan and above the consensus forecast of 1.2%. https://t.co/YtJW313awg
Wholesale prices in the United States accelerated again in February, the latest sign that inflation pressures in the economy remain elevated and might not cool in the coming months as fast as the Federal Reserve or the Biden administration would like. https://t.co/4CHy5lhHo9 https://t.co/dYg5sL1iPY