CNN —
US wholesale prices fell last month, new data showed Friday, an indication that inflationary pressures weren’t necessarily building before they reach the consumer.
The better-than-expected Producer Price Index reading — which showed that the prices paid to producers fell 0.4% in March from the month before and slowed sharply to an annual rate of 2.7%, from 3.2% — provides a snapshot before President Donald Trump’s aggressive trade policies fully kick in.
Economists were expecting monthly prices to rise by 0.2% and to accelerate to 3.3% on an annual basis.
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