Producer prices registered an unexpected drop in March, putting the U.S. economy in an increasingly positive inflation climate amid a global trade showdown.
New figures released by the Bureau of Labor Statistics (BLS) show that the producer price index (PPI)—a measure of prices paid for goods and services by businesses—fell 0.4 percent last month, down from the 0.1 percent jump in February. This was the first decline for the monthly metric since October 2023.
