Producer Prices Decline Most in 10 Months
Washington, DC, April 12, 2013 -- U.S. producer prices fell the most in 10 months in March, due mostly to falling gasoline prices.
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The Labor Department said its producer price index fell 0.6% last month, the largest drop since May, after increasing 0.7% in February.
Economists had expected prices to fall only 0.2%.
In the 12 months through March, wholesale prices were up 1.1%, the smallest rise since July.
Wholesale prices excluding food and energy costs rose 0.2% for a third straight month.