US wholesale prices fell in March, a sign that inflationary pressures in the economy are easing more than a year after the Federal Reserve began aggressively raising interest rates.Plunging energy prices pulled the government’s producer price index down 0.5 percent from February to March; it had been unchanged from January to February. Compared with a year ago, wholesale prices were up 2.7 percent in March — the mildest 12-month increase since January 2021 and down significantly from a 4.7 percent annual rise in February.The US Department of Labor’s producer price index reflects prices charged by manufacturers, farmers and wholesalers. It can provide an early sign of how fast consumer inflation will rise.
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