The US producer price index jumped 1.4% in March from the previous month, as the rally in energy continues to push prices, a new sign that inflation is not expected to de-escalate soon from its 40-year high. climb in recent months.
Since March last year, the index has jumped 11.2%, from 10% last month, climbing to its highest level since the early 1980s.
The official measurements exceeded the estimates of analysts who spoke of an annual increase of the index by 10.6% and a monthly by 1.1% in a Bloomberg poll.
The structural index excluding energy and food increased by 1% from the previous month and by 9.2% from the corresponding period last year, as shown by government data,
Source: Capital
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
