US Wholesale Prices Rise Less Than Forecast Despite Energy
US wholesale prices rose by less than expected in March, despite a surge in energy costs tied to the Iran war.
US wholesale prices rose by a surprisingly hot 3.4% last month, the most in a year
U.S. wholesale prices came in hotter than expected in February, driven partly by a sharp increase in food costs. The Labor Department reported Wednesday that its producer price index — which measures inflation before it hits consumers — rose 0.
Wholesale inflation rose in March to three-year high
Fast-rising oil prices sent US businesses’ costs higher in March, lifting wholesale inflation to 4%, the highest annual rate in three years, according to Bureau of Labor Statistics data released Tuesday.