U.S. Producer Prices moderated in February, but the trend pointed to a steady building up of inflation pressures.
The Labor Department said on Tuesday its Producer price index for final demand increased 0.3 percent last month after rising 0.6 percent in January.
In the 12 months through February, the PPI jumped 2.2 percent after rising 1.6 percent in January. Economists polled by Reuters had forecast the PPI edging up 0.1 percent last month and rising 2.0 percent year-on-year.
Reuters
This post first appeared on MarketPulse - MarketPulse - MarketPulse Is The Mar, please read the originial post: here
