Producer Prices Increase

The CPI will be out Friday.
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Wholesale-level inflation rose much faster than expected last month, partly because of higher costs for energy, the Labor Department said Thursday.

The producer price index for February was up 1.3%, more than twice the expected 0.5% increase. The core PPI, which strips out food and energy prices, was up 0.4%, double the forecast.

On Friday, the government will release the consumer price index. The CPI is considered the more important of the two inflation measures because it shows how costs are being passed on to consumers.

Analysts believe the overall CPI rose 0.3% last month, according to

Bloomberg

. The core rate likely was up 0.2%.