WASHINGTON (Reuters) - U.S. producer prices increased strongly in February, leading to the largest annual gain in nearly 2-1/2 years, but considerable slack in the labor market could make it harder for businesses to pass on the higher costs to consumers.
The producer price index for final demand rose 0.5% last month, the Labor Department said on Friday. That followed a 1.3% jump in January, which was biggest advance since December 2009.
In the 12 months through February, the PPI surged 2.8%, the most since October 2018. The PPI increased 1.7% year-on-year in January. Economists polled by Reuters had forecast the PPI gaining 0.5% in February and jumping 2.7% year-on-year.
(This story corrects headline to February)
Reporting by Lucia Mutikani; Editing by Alex Richardson
"in" - Google News
March 12, 2021 at 08:41PM
https://ift.tt/3coM4Lg
U.S. producer prices increase solidly in January - Reuters
"in" - Google News
https://ift.tt/2MLa3Y1
https://ift.tt/2YrnuUx
Bagikan Berita Ini
Related Posts :
Pope Francis Is In A Rome Hospital For A Scheduled Surgery On His Large Intestine - NPR- Authorities charge 11 people involved in a standoff with Massachusetts police - CNN
- A Military Plane Crash In The Philippines Has Left At Least 31 People Dead - NPR
- China Orders Didi Off App Stores in Escalating Crackdown - The New York Times
- Overnight Vaccination Drive in Rome Reaches Out to the ‘Most Fragile’ - The New York Times
0 Response to "U.S. producer prices increase solidly in January - Reuters"
Post a Comment