Source: CNBC
Published Thu, Mar 13 2025 8:36 AM EDT | Updated Moments Ago
Wholesale prices were flat in February providing some more welcome news for inflation amid tariff fears, the Bureau of Labor Statistics reported Thursday.
The producer price index, considered a leading indicator for pipeline inflation pressures, showed no gain for the month after jumping an upwardly revised 0.6% in January, seasonally adjusted figures showed. Economists surveyed by Dow Jones had been looking for a 0.3% increase.
Excluding food and energy, core PPI decreased 0.1%, also against an estimate for a 0.3% increase. Core prices also excluding trade services showed a gain of 0.2%. Stock market futures pared losses following the report while Treasury yields remained higher.
The report comes a day after the BLS reported that the consumer price index rose 0.2% for February, putting the headline inflation rate at 2.8%, a slight easing from January and some encouraging news at a time when markets are concerned over the impact that President Trump's tariffs will have on costs.
Read more: https://www.cnbc.com/2025/03/13/ppi-inflation-report-february-2025-.html