The latest data on the Core Producer Price Index (PPI) in the United States for February 2024 shows a slight decrease compared to the previous month. The indicator, which measures the change in selling prices received by domestic producers for their goods and services, slowed down to 0.3% in February, down from 0.5% in January 2024.
The month-over-month comparison indicates a deceleration in the rate of price increases from the previous period. This information, released on 14th March 2024, reflects the current state of inflationary pressures in the U.S. economy. The Core PPI is a key metric closely watched by economists and investors as it provides insights into underlying inflation trends affecting businesses and consumers across various sectors.
