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The producer price index rose at a faster-than-expected pace of 0.5% last month and 2.9% on an annual basis, signaling that the Federal Reserve is still wide of hitting its 2% inflation target.

https://www.cfodive.com/news/producer-prices-rise-forecast-affirming-inflation-persistence-Fed-Federal-Reserve-jobs-labor/813422/ #Inflation #Economy #Economics

Producer prices rise more than forecast, affirming inflation persistence

Measures of inflation have sent mixed signals in the past several weeks, prompting some Federal Reserve officials to favor collecting more data before further easing.

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