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U.S. Producer Prices Rise More Than Expected in March
Thursday, 11 April 2019 19:42 WIB | ECONOMY |Ekonomi ASIndeksHarga ProdusenAS

U.S. producer prices rose more than expected in March, according to official data released on Thursday.

The Labor Department said its producer price index (PPI) increased 0.3% last month, while the core PPI, which excludes food and energy costs, rose 0.6%.

In the 12 months through February, the growth was 2.2% and 2.4%, respectively.

The Fed watches this data because higher costs for producers often lead to them passing that cost on to consumers, placing upward pressure on inflation.

Source : Investing.com

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