Wholesale prices jump on steep rise in food costs

Back to TopCommentsE-mailPrintBookmark and Share

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.


  • 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.

Post a comment to this story

We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
You are legally responsible for what you post and your anonymity is not guaranteed.
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
Subscribe to IBJ