Wholesale prices post decline of 0.1%, retail sales fall


A customer looks over merchandise at a store on March 14, 2023 in Miami, Florida.

Joe Raedle | Getty Images

Wholesale prices posted an unexpected decline in February, providing some encouraging news on inflation as the Federal Reserve weighs its next move on interest rates.

The producer price index fell 0.1% for the month, against the Dow Jones estimate for a 0.3% increase and compared with a 0.3% gain in January, the Labor Department reported Wednesday. On a 12-month basis, the index increased 4.6%, well below the downwardly revised 5.7% level from the previous month.

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