US producer prices decline unexpectedly in March
By Alexander Bueso
Date: Friday 11 Apr 2025
(Sharecast News) - Wholesale prices in the States undershot market forecasts last month, partly as a result of a decline in energy costs.
According to the Department of Labor, so-called final demand prices dropped at a month-on-month pace of 0.4% in March (consensus: 0.2%).
Final demand goods prices plummeted by 0.9% when compared to February, with those for food down by 2.1% and energy by 4.0%.
In annual terms, final demand price growth slowed from a 3.2% clip in February to 2.7% last month.
Outside of food and energy, final demand goods prices rose by 0.3%.
Prices for final demand services meanwhile dipped by 0.2% on the month, led by a 0.7% drop in trade services prices.
-- More to follow --
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