WASHINGTON – U.S. producer prices unexpectedly fell in March as the cost of gasoline declined, and there were signs that underlying producer inflation was subsiding. The producer price index for final demand dropped 0.5 percent last month, the Labor Department said on Thursday. Data for February was revised to show the PPI unchanged instead of slipping 0.1 percent as previously reported. In the 12 months through March, the PPI increased 2.7 percent. That was the smallest year-on-year rise since January 2021 and followed a 4.

https://business.inquirer.net/395927/u-s-producer-prices-unexpectedly-fall-in-march

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