US Bureau of Labor Statistics reports that producer prices fell 0.4% in March, the largest drop since October 2023, driven by sharp declines in energy (-4.0%) and food (-2.1%) prices. Gasoline alone dropped 11.1%. Services also edged down 0.2%, led by lower trade and transportation margins.
Core PPI (excluding food, energy, and trade) rose just 0.1%, signaling cooling inflation. Over the past year, final demand prices have risen by 2.7%, with core prices up by 3.4%.
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