Wholesale Inflation Jumps to Highest Level Since September as Price Pressures Continue

• Wholesale inflation rose 0.6% in February, higher than expected and the highest level since September 2023 • Core wholesale inflation, excluding food and energy, was up 0.3% in February and 2% over the last 12 months • High inflation continues to put financial pressure on U.S. households, especially low-income Americans • Consumer inflation rose 0.4% in February, faster than expected, remaining above the Fed's 2% target • The Fed signals it may cut interest rates this year but not until inflation is clearly on a downward trajectory