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U.S. Producer Prices Jump 11.2% From a Year Ago, the Most on Record

  • PPI for final demand rose 11.2% in March from a year earlier
  • Monthly increase was broad-based, included higher oil costs
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U.S. Producer Prices Rise the Most on Record
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Prices paid to U.S. producers jumped in March from a year ago by the most in records back to 2010, topping all estimates and underscoring persistent early-stage inflationary pressures that risk feeding through to consumers.

The producer price index for final demand increased 11.2% from March of last year and 1.4% from the prior month, Labor Department data showed Wednesday. The monthly gain was broad across categories and also the largest on record.