Friday, March 14, 2014

U.S. Producer Prices Fall, Offer Little Sign Of Inflation Pressure

These people obviously haven't been to the grocery store or gas station in the last 5 years.

U.S. producer prices fell in February, dragged down by falling costs for services and offering little sign of a pickup in inflation pressures.

The Labor Department said on Friday its seasonally adjusted producer price index for final demand dropped 0.1 percent last month.

U.S. inflation has held at a very low level in recent years because of a persistently high unemployment rate. This is expected to push the Federal Reserve to keep its benchmark interest rate near zero for many more months even as the central bank dials back its monetary stimulus.

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