Mubasher: US Producer Price Index (PPI) rose at a slower pace in February but beat analysts’ forecasts, while core prices posted the largest growth in 4 years.
The PPI increased by 0.2% last month, compared with a 0.4% rise in January, data by the US Labour Department showed on Wednesday.
However, economists had expected a slighter growth of 0.1% in February.
On an annual basis, producer prices expanded 2.8% in the second month of the year.
Meanwhile, core prices, which exclude the volatile components, jumped 2.7% in February, marking the strongest increase since August 2014, compared with a 2.5% increase in the previous month.