US wholesale inflation fell last month on lower food costs

By CHRISTOPHER RUGABER
AP Economics Writer

WASHINGTON (AP) — Wholesale price increases in the United States slowed sharply last month as food costs declined, a sign that inflationary pressures may be easing. From January to February, the government’s producer price index fell 0.1%, after a 0.3% rise from December to January, which was revised sharply lower. Compared with a year ago, wholesale prices rose 4.6%, a big drop from the 5.7% annual increase in January.