Arab Today, arab today producer prices slipped in march
Last Updated : GMT 14:44:06
Arab Today, arab today
Arab Today, arab today

Producer prices slipped in March

Arab Today, arab today

Arab Today, arab today Producer prices slipped in March

Washington - UPI

The U.S. Producer Price Index for finished goods dropped 0.6 percent in March, coming in lower than expected, the Bureau of Labor Statistics reported Friday. Economists had expected a drop of 0.2 percent for the prices producers receive for finished goods. The decline, which comes after a 0.7 percent gain in February, was led by a 3.4 percent drop in energy prices. Prices for finished food items rose 0.8 percent in the month. For energy, it was the sharpest month-to-month decline in three years. For all goods, the decline was unmatched since May of 2012. Core prices, which exclude food and energy, were higher, up 0.2 percent. Prices producers received were up 1.1 percent on an annual basis, down from 1.7 percent in February and the lowest annual rate since June. Prices for intermediate goods dropped 0.9 percent while prices for crude goods -- raw materials -- fell 2.5 percent.

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Arab Today, arab today producer prices slipped in march Arab Today, arab today producer prices slipped in march

 



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