U.S. producer price growth cools in February

Investing.com - U.S. producer prices rose at a slower-than-anticipated annualized rate in February, while growth in the measure stalled month-on-month, according to data that will likely factor in to how the Federal Reserve views inflation during a time of increased uncertainty around Donald Trump's trade policy.

The headline producer price index for final demand came in at 3.2% in the twelve months to February, easing from an upwardly-revised rate of 3.7% in January. On a monthly basis, the gauge cooled to 0.0% from 0.6%.

Economists had expected readings of 3.3% and 0.3%, respectively.

(This is a developing story. Please check back later for updates.)

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