By Le Figaro with AFP
Wholesale prices in the United States, which measure theinflation on the producer side, fell in February compared to January, due in particular to the fall in gasoline prices, and experienced, over one year, their weakest increase in almost two years. Prices fell 0.1% month on month, after rebounding in January, according to data released Wednesday by the Labor Department. This is good news, since analysts expected a further increase of 0.3%, according to the consensus of Briefing.com.
Over one year, the rise in prices slowed markedly, to 4.6%, against 5.7% in January. This is the weakest change since March 2021. PPI inflation measures inflation from the perspective of manufacturers and sellers. The CPI index, which measures inflation on the consumer side, fell in February to 6.0% over one year from 6.4% in January.
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Inflation as seen by consumers is also measured by another index, the PCE, which is favored by the American central bank (Fed), and is published at the end of the month. The Federal Reserve (Fed) wants to bring it back to around 2%, and it was 5.4% over one year in January. The next Fed meeting will be March 21-22.