U.S. Producer Prices Fall in February

Offering signs of hope in the effort to tame inflation, U.S. producer prices fell in February. Year over year, prices for final demand goods and services still rose 4.6%, but that was down from 5.7% in January — and it marked the smallest increase since March 2021, according to the Bureau of Labor Statistics.

This graph by Chad Moutray, chief economist for the National Association of Manufacturers, illustrates producer price inflation over the past two years. 3/15/2023