Producer Prices Rose 0.8% in February
Washington, DC, March 15, 2022-The Producer Price Index for final demand increased 0.8% in February, seasonally adjusted, the U.S. Bureau of Labor Statistics reported. This rise followed advances of 1.2% in January and 0.4% in December 2021.
On an unadjusted basis, final demand prices moved up 10.0% for the 12 months ended in February.
In February, the advance in the index for final demand can be attributed to prices for final demand goods, which rose 2.4%. The index for final demand services was unchanged.
Prices for final demand less foods, energy, and trade services rose 0.2% in February following a 0.8% increase in January. For the 12 months ended in February, the index for final demand less foods, energy, and trade services moved up 6.6%.