US producer prices rose 2.1% from last year, most since April, but less than forecasters expected
Written by Black Hot Fire Network on April 11, 2024
WASHINGTON (AP) — U.S. producer prices rose rose in March from a year earlier at the fastest pace in nearly a year, but the gain was less than economists expected. And wholesale inflation eased on a month to month basis.
The Labor Department said Thursday that its producer price index — which measures inflationary pressure before it reaches consumers — rose 2.1% last month from March 2023 , biggest year-over-year jump since April 2023. But economists had forecast a 2.2% increase, according to a survey of forecasters by the data firm FactSet.
And compared . . .
