Wholesale prices rose 0.5% in March, much less than expected despite war impact
Cătălin Roșioru
Producer prices rose in March but considerably less than expected as the Iran war's push on energy prices rekindled fears of another inflation burst. The producer price index , a gauge of pipeline costs for final demand goods and services, increased a seasonally adjusted 0.5% for the month, well below the Dow Jones consensus estimate for 1.1%, according to a Bureau of Labor Statistics report Tuesday. Excluding food and energy, core PPI was up just 0.1% against the forecast for 0.5%. The
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