Wholesale inflation rose 0.6% in February, much more than expected

Yes, the increase in wholesale inflation suggests that prices are rising more quickly than anticipated. This could be due to a variety of factors including increased demand for goods, higher costs for materials and labor, or supply chain disruptions. It’s important for businesses and consumers to be aware of these changes, as they can affect the cost of products and potentially lead to higher prices in the retail market. However, it’s also worth noting that these figures are often subject to revision, and can fluctuate based on changing economic conditions.