International Economic
US producer prices rose more quickly than expected last month
By Alexander Bueso
Date: Thursday 14 Mar 2024
(Sharecast News) - Wholesale inflation in the U.S. rose more quickly than anticipated, due in large part to higher energy prices.
According to the Department of Labor, in seasonally adjusted terms producer prices rose by 0.6% month-on-month and by 1.6% year-on-year.
Economists had forecast increases of 0.3% and 1.1%, respectively.
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