U.S. wholesale expenditures barely increased last month after falling for three straight months, a sign there is little inflation pressure in the thriftiness.
The Labor Department says the producer price index — which measures price changes before they reach the consumer — prove adequate to b come to get 0.1 percent in February. It slipped 0.1 percent in January. Excluding volatile food and energy costs, pit producer prices also rose 0.1 percent. Wholesale prices increased 1.9 percent from a year earlier, and centre prices rose 2.5 percent.
Despite an unemployment rate near a five-decade low and faster wage growth, inflation is humdrum. The Consumer Price Index, released Tuesday, increased just 1.5 percent in February from a year ago. Bland inflation is a major reason the Federal Reserve has paused its interest rate hikes.
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