Economics
U.S. Producer Prices Increased by More Than Forecast in March
- PPI rises 1% from a month earlier and 4.2% from year earlier
- Goods prices jumped a record 1.7%, driving topline advance
Photographer: Luke Sharrett/Bloomberg
This article is for subscribers only.
U.S. producer prices climbed more than forecast last month in a broad advance, indicating inflationary pressures continue to build across the nation’s economy.
The producer price index for final demand increased 1% in March from the prior month after a 0.5% gain in February, the Labor Department said on Friday. The gain was twice the median projection in a Bloomberg survey of economists as cost increases for goods and services accelerated.