US producer inflation higher than expected on services costs - News Summed Up

US producer inflation higher than expected on services costs


US producer inflation higher than expected on services costsWASHINGTON, United States, Feb 28, 2026 (BSS/AFP) - US producer prices rose more than analysts expected in January, government data showed Friday, boosted by services costs. "Producer prices rose more than expected in January as service-related costs and stronger pricing power push up margins received by wholesalers and retailers," said Nationwide senior economist Ben Ayers. Besides trade services, prices for transportation and warehousing services also climbed. While they have not caused a widespread consumer inflation surge, firms have flagged higher business costs and difficulties planning due to policy uncertainty. Prices for goods dropped 0.3 percent month-on-month on a decline in energy costs, the Labor Department said.


Source: Bangladesh Sangbad Sangstha February 28, 2026 03:08 UTC



Loading...
Loading...
  

Loading...

                           
/* -------------------------- overlay advertisemnt -------------------------- */