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Wholesale Prices in U.S. Rise More Than Forecast on Services

Bloomberg (04/11/14) Lorraine Woellert

The producer price index increased 0.5% in March, up from a 0.1% decrease in February, according to the U.S. Department of Labor. A Bloomberg survey of economists had called for a 0.1% increase. The rise was led by the largest gain in the cost of services in four years. Core prices, which exclude the cost of food and energy, rose 0.6%.