( ) -q-24- UNDATED (Correspondent Jeremy House) “gain in February.” U.S. producer prices rose in March from a year earlier at the fastest pace in nearly a year. [CutID: <Cuts> PPI-house-q-THUam.mp3 Time: 24s Title: PPI-house-q-THUam Out-cue: gain in February] TAG: Correspondent Jeremy House reporting. The figures offer more evidence that progress against inflation may have […]
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Producer prices rose 2.1% from last year as inflation remains stubborn
( ) -q-24- UNDATED (Correspondent Jeremy House) “gain in February.”
U.S. producer prices rose in March from a year earlier at the fastest pace in nearly a year.
[CutID: <Cuts> PPI-house-q-THUam.mp3
Time: 24s
Title: PPI-house-q-THUam
Out-cue: gain in February]
TAG: Correspondent Jeremy House reporting. The figures offer more evidence that progress against inflation may have stalled this year and raising doubts about whether and when the Federal Reserve will start cutting interest rates.
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VERBATIM: The Labor Department says its producer price index — which measures inflationary pressure before it reaches consumers — rose 2.1% last month from March 2023. It’s the biggest year-over-year jump since April 2023. Compared to February, though, wholesale prices were up just 0.2%, down from a 0.6% gain in February.