The price producer index unexpectedly dropped in February, evidence that high inflation is beginning to ease, the Labor Department reported on Wednesday.
Hoover Institution senior fellow John Taylor reacts to the Federal Reserve's efforts to combat inflation on 'Kudlow.'
before it reaches consumers, fell 0.1% in February from the previous month. On an annual basis, prices are up 4.6% – well below the 5.7% gain recorded in January.
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