Wholesale prices in the United States rose more than expected in February, signaling persistent inflation pressures, reported by the Bureau of Labor Statistics. The producer price index increased 0.7% for the month, exceeding forecasts of 0.3%, while core prices rose 0.5%, according to economists surveyed by Dow Jones.
On an annual basis, headline inflation reached 3.4%, with core at 3.9%, both above the Federal Reserve’s 2% target.
Wholesale prices rose 0.7% in February, much more than expected https://t.co/zqEYokTIEW
— CNBC (@CNBC) March 18, 2026
The rise was driven largely by services costs, which climbed 0.5%, with notable increases in portfolio management and financial services, the report said. Goods prices rose 1.1%, while food and energy also saw gains.
Markets reacted negatively, with stock futures falling and expectations for rate cuts pushed further out. The data comes as oil prices surge amid the Iran conflict, adding to inflation concerns.
The report underscores ongoing price pressures, complicating the Federal Reserve’s decision on maintaining higher interest rates.
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TIPP Staff
