Producer Prices Rose 0.5% in February
Washington, DC, March 12, 2021-The Producer Price Index for final demand increased 0.5% in February, seasonally adjusted, the U.S. Bureau of Labor Statistics reported.
This rise followed advances of 1.3% in January and 0.3% in December.
On an unadjusted basis, the final demand index moved up 2.8% for the 12 months ended in February, the largest increase since rising 3.1% for the 12 months ended October 2018.
Most of the February advance in prices for final demand can be traced to a 1.4% rise in the index for final demand goods. Prices for final demand services increased 0.1%.