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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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