Wholesale prices rose 0.7% in February, much more than expected
... On a 12-month basis, headline PPI inflation was at 3.4%, the most since February 2025, while core was at 3.9%, according to the BLS. The Federal Reserve targets inflation at 2%. ...
None of the inflation data so far has captured the price increases associated with the war. But it has indicated that even before the attacks, inflation was a problem. A report last week indicated that consumer prices rose at a 2.4% rate in February. Separately, the Commerce Department said its main inflation gauge [pce], which the Fed uses as its forecasting tool, was at 3.1% for core and 2.8% for headline. ...
