Wholesale prices rose 0.5% in March, much less than expected despite war impact

Producer prices rose in March but considerably less than expected as the Iran war’s push on energy prices rekindled fears of another inflation burst.

The producer price index, a gauge of pipeline costs for final demand goods and services, increased 0.5% for the month, well below the Dow Jones consensus estimate for 1.1%.

Excluding food and energy, core PPI was up just 0.1% against the forecast for 0.5%.

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