WASHINGTON—Energy prices continued to rocket higher in February, though overall wholesale prices moderated after a record jump in January. The Labor Department’s producer price index, which measures inflation before it reaches consumers, increased by 0.5 percent last month following a record jump of 1.3 percent the month before. Price increases slowed despite a 6 percent…

WASHINGTON—Energy prices continued to rocket higher in February, although overall wholesale prices moderated after a record jump in January. The Labor Department’s producer price index, which measures inflation before it reaches consumers, increased by 0.5 percent last month following a record jump of 1.3 percent the month before. Price increases slowed despite a 6 percent…