U.S. Producer Price Index surges 11.2% in March, highest level on record

MacDailyNews
Apr 13, 2022, 8:58 am201 pts
The U.S. Labor Department reported Wednesday that the Producer Price Index (PPI), which measures inflation at the wholesale level before it reaches consumers, surged 11.2% in March from the year-ago period. On a monthly basis, prices grew by 1.4% – an uptick from February, when the gauge increased by 0.9%.…

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