US Producer Prices Rose 2.1% From Last Year
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U.S. producer prices rose rose in March from a year earlier at the fastest pace in nearly a year, but the gain was less than economists expected. The Labor Department said Thursday that its producer price index — which measures inflationary pressure before it reaches consumers — rose 2.1% last month from March 2023 , biggest year-over-year jump since April 2023. The slightly better-than-expected producer price reading came as something of a relief, arriving a day after the Labor Department...