A report released by the Labor Department on Thursday showed producer prices in the U.S. increased by much more than expected in the month of February.
The Labor Department said its producer price index for final demand climbed by 0.6 percent in February after rising by 0.3 percent in January. Economists had expected producer prices to rise by another 0.3 percent.
The report also said the annual rate of producer price growth accelerated to 1.6 percent in February from a revised 1.0 percent in January.
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.