Wholesale prices slide for 4th straight month

February's surprise 0.5% decline reflects cheaper food and slump in profit margins among wholesalers and retailers


WHOLESALE prices in the United States unexpectedly declined in February for a fourth consecutive month, reflecting cheaper food and a slump in profit margins among wholesalers and retailers.

The 0.5 per cent decrease in the producer price index (PPI) followed a 0.8 per cent drop the prior month, a Labor Department report showed on Friday. The so-called core measure, which strips out volatile food and fuel, also decreased 0.5 per cent.

Inflation in the US has decelerated as a rising US dollar...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to