US Wholesale Prices Decline 0.6%

February’s wholesale prices fell by the greatest margin in seven months to 0.6 percent. This far exceeded the prediction of 0.2 percent as higher food costs were offset by lower energy prices. Yesterday, the Federal Reserve pledged to keep interest at record low rates on information that core inflation, which excludes energy and food, remained at 1 percent over the past year.

Source: Associated Press

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