Advertisement
U.S. Producer Price Index Unexpectedly Unchanged In February
(RTTNews) - With an increase in prices for goods offset by a decrease in prices for services, the Labor Department released a report on Thursday showing producer prices in the U.S. were unexpectedly flat in the month of February.
The Labor Department said its producer price index for final demand was unchanged in February after climbing by an upwardly revised 0.6 percent in January.
Economists had expected producer prices to rise by 0.3 percent compared to the 0.4 percent growth originally reported for the previous month.
The report also said the annual rate of growth by producer prices slowed to 3.2 percent in February from an upwardly revised 3.7 percent in January.
The annual rate of producer price growth was expected to dip to 3.3 percent from the 3.5 percent originally reported for the previous month.
U.S. Wholesale Inventories Climb Slightly Less Than Expected In March
U.S. Labor Productivity Decreases For First Time Since 2022
U.S. Weekly Jobless Claims Dip Slightly More Than Expected
U.S. Labor Productivity Pulls Back More Than Expected In Q1
U.S. Weekly Jobless Claims Dip To 228,000
Fed Leaves Interest Rates Unchanged, Warns Of Higher Unemployment, Inflation.
U.S. Trade Deficit Spikes To Record High In March As Import Surge
