Producer Prices in February – Well Restrained

The Bureau of Labor Statistics (BLS) released the Producer Price Indexes (PPI) for February. Overall, inflation at the producer level declined -0.1% in February from January (seasonally adjusted), balancing a 0.4% increase in prices for goods and a 0.3% decline in prices for services. On an unadjusted basis, inflation slowed to 0.9% for the 12 month period ending in February, from 1.2% in January.

Among building materials, softwood lumber prices rose 2.2% in February from January, OSB prices declined 0.7%, and gypsum prices rose 4.1%.

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