Wholesale Inflation Slows Sharply to Slowest Pace in 2 Years

Wholesale Inflation Slows Sharply to Slowest Pace in 2 Years
Cars move on the assembly line at the BMW Spartanburg plant in Greer, S.C., on Oct. 19, 2022. Sean Rayford/AP Photo
Tom Ozimek
Updated:
0:00

Wholesale inflation slowed sharply in March after a year of Federal Reserve rate hikes, with producer prices rising at their slowest pace in two years.

The Producer Price Index (PPI)—which reflects price changes by manufacturers, farmers, and wholesalers—fell by 0.5 percent month-over-month in March, according to data from the Bureau of Labor Statistics (BLS).
Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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