Wholesale prices rose 0.7% in February, much more than expected

We're looking for our February read on the wholesale side of inflation. The producer price index headline number expected to be up 3/10en of a percent comes in hot up 7/10en of a percent up 710. That would be the highest level since it was up 8/10 in July of 25.Now strip out food and energy call it the core up a half a percent. That's a couple ten higher than we were expecting. However, unlike the headline number which was above last month, up.5 on X food and energy is below 8/10 last month. Up 0.5%, well 8 ...