February Wholesale Inflation Maintains Accelerated Growth Trend
The Bureau of Labor Statistics released producer price data on Wednesday morning. The index for total final demand rose 0.7% in February.
January’s monthly advance had been 0.5%. February marks the third consecutive month of strong PPI readings.
Monthly and annual figures
The stronger-than-anticipated February increase translated to a 3.4% annual rate. January’s annual pace was 2.9%.
Observed pattern
Filmogaz.com notes the series of monthly gains represents sustained upward movement. February wholesale inflation shows an accelerated growth trend compared with previous readings.
- Report timing: Wednesday morning release by the BLS.
- February monthly change: +0.7%.
- January monthly change: +0.5%.
- February annual rate: 3.4%.
- January annual rate: 2.9%.
| Month | Monthly Change | Annual Rate |
|---|---|---|
| January | 0.5% | 2.9% |
| February | 0.7% | 3.4% |
