It’s that time again. Time for the monthly inflation dance, that is.
The U.S. Bureau of Labor Statistics led off this month’s waltz with Producer Price Index data today. Prices for finished wholesale goods rose 0.7% in March, following a 1.6% surge in February.
Most of the March PPI increase was due to hikes in energy prices. Still, core prices – that is, the PPI less food and energy prices – rose 0.3% in March, a slight acceleration from February’s 0.2% pace.