Producer prices rise by slightly less than anticipated in March

(Sharecast News) - Wholesale prices rose by a tad less than anticipated last month amid a decline in energy costs. According to the U.S. Department of Labor, in seasonally adjusted terms so-called total final demand prices were up in March by 0.2% month-on-month (consensus: 0.3%).

Food prices rose by 0.8% versus February, but those for energy served as a partial offset, declining by 1.6%.

In year-on-year terms producer prices were ahead by 2.1%, following an increase of 1.6% during the previous month.

Goods prices dipped by 0.1% on the month and services' were ahead by 0.3% with trade prices rising by 0.3%, and those for transportation and warehousing by 0.8%.

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