US Producer Prices Unexpectedly Fall, Dragged Down by Energy
A worker assembles components on a diesel engine in Seymour, Indiana.
Photographer: Luke Sharrett/BloombergThis article is for subscribers only.
US wholesale prices fell in March by the most since October 2023, restrained by energy costs and adding to evidence of muted inflation ahead of the Trump administration’s tariffs on US trading partners.
The producer price index dropped 0.4% from a month earlier, according to a Bureau of Labor Statistics report released Friday. The median forecast in a Bloomberg survey of economists called for a 0.2% gain. Excluding food and energy, the PPI eased 0.1%, also below estimates.