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Benzinga
  • 3 minutes ago
U.S. wholesale prices rose 0.7% MoM and 3.4% YoY in February — above expectations — driven by a 2.4% jump in food prices, including a 49% spike in vegetables. Core PPI climbed 0.5% from January and 3.9% YoY. Economists warn pipeline inflation pressures are building ahead of energy price spikes tied to the Iran war.

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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02U.S. wholesale prices rose more than expected in February, according to AP.
00:06The producer price index, which measures inflation before it hits consumers,
00:11increased 0.7% month over month and 3.4% year over year.
00:16Wholesale price increases exceeded expectations and occurred before energy prices rose sharply
00:21following the U.S. and Israel attack on Iran.
00:24Food prices drove the increase with a 2.4% monthly rise, including a 49% jump in vegetables and
00:31a 10% increase in fruit.
00:33Core wholesale prices rose 0.5% from January and 3.9% from a year earlier.
00:39Economists warned that rising producer costs and tariffs are building pipeline pressures.
00:43Stocks fell at Wednesday's open following the report and rising oil prices.
00:47For all things money, visit Benzinga.com.
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