Forex News

Higher prices for food and energy pushed up producer prices by 1% in March. Meanwhile, core prices at the wholesale level were unchanged.

The 1% gain in the producer price index for finished goods exceeded the 0.8% expected by economists.

It was the second straight gain of 1% or more in the PPI. The core rate, however, was the lowest since a 0.4% drop in October.

The PPI is up 3.2% in the past 12 months. The core PPI is up 1.7% in the past year.