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Wholesale prices declined more than anticipated in March.
The producer price index decreased by 0.4% in March, while a rise of 0.2% had been expected.
Wholesale prices unexpectedly fell in March, providing a favorable backdrop for inflation as President Donald Trump initiated stricter tariffs on U.S. trading partners, according to the Bureau of Labor Statistics on Friday.
The producer price index, an important measure of inflationary pressures in the production pipeline, dropped by 0.4% for the month, following a 0.1% increase in February. Dow Jones economists had predicted a 0.2% rise.
When excluding food and energy, the core PPI also decreased, falling 0.1% compared to an anticipated 0.3% increase. Low-indexed food, energy, and trade services saw a 0.1% rise.
This follows a drop in the consumer price index in March as well.
As per the Bureau of Labor Statistics, the annual inflation rate decreased from 2.8% in February to 2.4%, marking the lowest level since September 2024.
Economists had projected a 2.6% figure.The Consumer Price Index (CPI) saw a monthly decline of 0.1%, surpassing predictions.
Core inflation, which excludes unstable food and energy prices, also dropped to 2.8%. This marks the first time since early 2021 that annual core inflation has fallen below 3%.
Donald Trump remains committed to his promises to the American people.
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