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Producer prices fall in March

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Producer prices fall in March

0.1% decrease follows a 0.2% decrease in February.

The seasonally-adjusted Producer Price Index for final demand decreased 0.1% in March, the U.S. Bureau of Labor Statistics reported today.  This follows a 0.2% decrease in February, and a 0.1% increase in January.

Analysts had expected the PPI to increase 0.3% during the month.

The results were largely attributed to decreases in pricing for services and food, offset somewhat by rising energy costs.

In the 12 months through March, producer prices increased 0.3%.

Producer prices excluding volatile food and energy costs remained flat, after a 0.1% increase in February.  This key measure was up 0.9% over the last 12 months, the largest such increase since July 2015.

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