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The Independent UK
The Independent UK
National
Paul Wiseman

US producer prices rose by a surprisingly hot 3.4% last month, the most in a year

United States US Federal Reserve Inflation Iran the Labor Department
Producer Prices - (Copyright 2023 The Associated Press. All rights reserved)

U.S. wholesale prices came in hotter than expected in February.

The Labor Department reported Wednesday that its producer price index — which measures inflation before it hits consumers — rose 0.7% from January, and 3.4% from February 2025. The year-over-year increase was the most since February 2025.

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