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Wholesale prices jump on steep rise in food costs

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Wholesale prices jumped last month by the most in nearly two years due to higher energy costs and the steepest rise in food prices in 36 years. Excluding those volatile categories, inflation was tame.

The Labor Department said the Producer Price Index rose a seasonally adjusted 1.6 percent in February, double the 0.8-percent rise in the previous month. Outside of food and energy costs, the core index ticked up 0.2 percent, less than January's 0.5-percent rise.

Food prices soared 3.9 percent last month, the biggest gain since November 1974. Most of that increase was due to a sharp rise in vegetable costs, which increased nearly 50 percent. That was the most in almost a year. Meat and dairy products also rose.

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  • food prices
    Great article! We need food in order to survive, without it we will perish. But the continuous escalation of food prices have extreme effects on the consumers. The food prices nowadays tend to accrue and with this consumer inflation occurs. I would also want to add some additional information. Please allow me to do so. In the United States, production activity and customer optimism took a nose dive regardless of a continued upward creep in national customer prices. The creep has slowed to a lot less than zombie-like speed, however, which indicates the economy still requires a jolt of “Re-Animator” fluid. This leads to a pleasant time with customer inflation. I read this here: Signs in place that consumer inflation is here to stay. You can check that out for a detailed information. Albeit the U.S. try to hide regarding inflation, I guess it will remain visible.Indeed, these economic changes have brought tremendous adjustments to all citizens. Perhaps, we should help one another by merely supporting any programs of the government regarding alleviating economic conditions. With that, I believe anything can be probable.

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  1. why oh why does this state continue to elect these people....do you wonder how much was graft out of the 3.8 billion?

  2. i too think this is a great idea. I think the vision and need is there as well. But also agree with Wendy that there may be better location in our city to fulfill this vision and help grow the sports of hockey and figure skating in Indy. Also to help further develop other parts of the city that seem often forgotten. Any of the other 6 townships out side of the three northernmost could benefit greatly from a facility and a vision like this. For a vision that sounds philanthropic, the location is appears more about the money. Would really like to see it elsewhere, but still wish the development the best of luck, as we can always use more ice in the city. As for the Ice growth when they return, if schedules can be coordinated with the Fuel, what could be better than to have high level hockey available to go see every weekend of the season? Good luck with the development and the return of the Ice.

  3. How many parking spaces do they have at Ironworks? Will residents have reserved spaces or will they have to troll for a space among the people that are there at Ruth Chris & Sangiovese?

  4. You do not get speeding ticket first time you speed and this is not first time Mr.Page has speed. One act should not define a man and this one act won't. He got off with a slap on the wrist. I agree with judge no person was injured by his actions. The state was robbed of money by paying too much rent for a building and that money could have been used for social services. The Page family maybe "generous" with their money but for most part all of it is dirty money that he obtained for sources that are not on the upright. Page is the kind of lawyer that gives lawyers a bad name. He paid off this judge like he has many other tine and walked away. Does he still have his license. I believe so. Hire him to get you confiscated drug money back. He will. It will cost you.

  5. I remain amazed at the level of expertise of the average Internet Television Executive. Obviously they have all the answers and know the business inside and out.

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