US wholesale inflation pressures eased sharply last month

File - Cars move on the assembly line at the BMW Spartanburg plant in Greer, S.C., Wednesday, October 19, 2022. On Thursday, the Labor Department releases the producer price index for March, an indicator of inflation at the wholesale level that's closely monitored by the Federal Reserve. File - Cars move on the assembly line at the BMW Spartanburg plant in Greer, S.C., Wednesday, October 19, 2022.

WASHINGTON — Plunging energy prices pulled the government’s producer price index down 0.5% from February to March; it had been unchanged from January to February. Compared with a year ago, wholesale prices were up 2.7% in March — the mildest 12-month increase since January 2021 and down significantly from a 4.7% annual rise in February.

The Labor Department’s producer price index reflects prices charged by manufacturers, farmers and wholesalers. It can provide an early sign of how fast consumer inflation will rise. A huge drop in wholesale gasoline accounted for much of the sharp slowdown in producer prices. But even excluding volatile food and energy prices, so-called core wholesale inflation fell 0.1% in March, the first such drop in nearly three years. The Fed and many private economists regard core prices as a better gauge of underlying inflation. Core wholesale inflation was up just 3.4% from March 2022, the lowest year-over-year rise since 2021.

trip to the grocery, pharmacy, and utility bills tell a different story

It's all planned, people racked up huge amounts of debt thanks to inflation, now they are going to be raped with interest rates. BidenIsDestroyingAmerica BidenIsADisaster Bidenflation

The consumer price index for March was 5% higher than a year ago as core inflation increased 5.6%. Why are you so dishonest?

costco Walmart You can stop raising your prices now.

Inflation can't be stopped by the Fed. Corps need to stop maximizing margin to the detriment of customers. How many of these companies need to have record profits (eggs, oil, chipotle, soda, graphics chips etc.) before people realize it is not supply chain or money supply.

Doesn't matter unless retail prices drop.

Cap

Sure as hell doesn’t feel like it.

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