Prices paid to U.S. producers jumped in March by the most in records back to 2010
Prices paid to U.S. producers jumped in March from a year ago by the most in records back to 2010, topping all estimates and underscoring persistent early-stage inflationary pressures that risk feeding through to consumers.
The producer price index for final demand increased 11.2% from March of last year and 1.4% from the prior month, Labor Department data showed Wednesday. The monthly gain was broad across categories and also the largest on record.
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