Producer prices in the U.S. fell by 0,6%

Reduction in energy prices led to a drop in producer prices in the U.S. at 0.6% in February.

The February decline in prices was most significant since July last year, when the index fell by 1,2%. Note that analysts predicted the fall of the index of producer prices in the reporting period by 0,3%.

Index excluding volatile food prices and energy prices rose in February by 0,1%.

In annual terms, producer prices in the U.S. increased by 4,4%.