Shen Chao TechFlow News, March 18. According to Golden Ten data, the US February PPI annual rate of increase exceeded expectations, and with Middle East war pushing up oil prices and continued import transmission, it may accelerate further in the future. The US Department of Labor Bureau of Labor Statistics said Wednesday that driven by the service sector, February PPI increased 0.7% month-on-month, with January's increase revised to 0.5%. The US-Israel-Iran war that began at the end of February has already driven oil prices up more than 40%. Economists expect the inflationary impact from the war will become apparent in the March consumer and producer price report published next month. The Federal Reserve is expected to keep interest rates unchanged later today. Federal Reserve officials will submit new economic projections, and economists expect inflation forecasts to be raised; financial markets expect the Federal Reserve will only cut rates once this year.