US Producer Prices Rise More than Expected Again
2026-03-18 12:32
By
Joana Taborda
1 min. read
US producer prices rose 0.7% month-over-month in February 2026, above 0.5% in January and much higher than forecasts of 0.3%.
It is the biggest increase in producer prices in seven months, with goods prices soaring 1.1% the most since August 2023, led by a 48.9% jump in prices for fresh and dry vegetables.
The indexes for diesel fuel, chicken eggs, gasoline, jet fuel, and tobacco products also increased.
Conversely, prices for jewelry and jewelry products fell 4%.
Decreases were also seen in the cost for home heating oil and for soft drinks.
Meanwhile, prices for services rose 0.5%, the least in three months, with prices for traveler accommodation services rising 5.7% and making the largest contribution.
The core PPI increased 0.5%, after a 0.8% rise in January but above forecasts of 0.3%.
On an annual basis, headline producer inflation jumped to 3.4%, the highest in a year, compared to 2.9% in January and forecasts it would remain at 2.9%.
Core producer inflation also jumped to 3.9%.