Gasoline Pushes Wholesale Prices Higher
Washington, DC, March 14, 2013 -- Wholesale inflation in February rose by the most in five months mostly due to a spike in gasoline prices, according to the Labor Department.
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However, inflation seemed to be mostly contained in other areas.
The government said its seasonally adjusted producer price index rose 0.7% last month after advancing 0.2% in January.
In the 12 months through February, wholesale prices were up 1.7%, the fastest rise since October.
Excluding volatile food and energy costs, prices were up 0.2%.