Economic Report: Wholesale prices creep higher in February, PPI shows, but inflation poses little threat

Bloomberg News/Landov
A butcher closes a window after re-stocking packages of meat. Wholesale prices in the U.S. rose slightly in February, but not enough to stoke any concerns about inflation.

The numbers: The wholesale cost of U.S. goods and services rose slightly in February, mostly because of higher gasoline prices, but inflation more broadly showed little threat to the economy.

The producer price index edged up 0.1% last month. Economists polled by MarketWatch had predicted a 0.2% increase.

Wholesale inflation has risen a mild 1.9% in the past year. The yearly rate had touched a seven-year high of 3.4% last summer.

Another measure of wholesale costs known as core PPI also rose 0.1% last month.

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