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Indeed, it did. The Producer Price Index (PPI) released by the Bureau of Labor Statistics measures the average change over time in the selling prices received by domestic producers for their output. A higher than expected rise in February indicates that prices paid to U.S. producers increased at a faster pace than economists’ expectations. This could reflect higher costs for goods and services due to various factors, such as supply chain disruptions, increased demand or potential inflationary pressures. It can potentially impact consumer prices as well