The U.S. Producer Price Index for finished goods matched up with expectations in February, the Bureau of Labor Statistics reported Wednesday.
Prices producers received were up 1.7 percent on an annual basis, in line with the consensus forecast. Core prices, which exclude prices for finished food and energy items, also rose 0.2 percent, matching both January's rise and the consensus forecast.
Separately, prices for food items fell 0.5 percent month to month, while energy prices rose 3 percent, the bureau said.
That is a reverse from January, when energy prices fell and food prices rose slightly.
Prices for intermediate goods rose 1.3 percent, while prices for crude goods -- essentially raw materials -- fell 0.3 percent.
Most Popular Stories
- Top Hispanic Tech Companies Push for the Top
- 5 Notable Hispanic Technology Executives
- Russia, Crimea Discuss Referendum
- Taco Bell Rings Up Breakfast Menu
- California Establishes Center for Coffee Study
- 'Holy grail of guitars' OM-45 Deluxe Available in in NY Auction
- China Urges Malaysia Flight Emergency Response
- Justin Bieber Loses Cool Over Selena Gomez
- Maya Angelou Cancels Milagro Gala Appearance Due to Illness
- For Obama, a Last Stab at Improving Ties with Capitol Hill