Wholesale Prices in U.S. Fall More Than Forecast on Energy
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Wholesale prices in the U.S. fell more than forecast in March as the cost of energy slumped by the most in three years.
The 0.6 percent drop in the producer price index was the biggest since May and followed a 0.7 percent gain in the prior month, the Labor Department reported today in Washington. The median estimate in a Bloomberg survey of 75 economists called for a 0.2 percent decline. A core measure of prices that excludes the volatile food and energy categories rose 0.2 percent for a third month.