March Producer Prices Rise 1%
The producer price index rose 1% in March, the Labor Department reported Friday.
The core PPI excluding food and energy was unchanged.
The overall increase followed a 1.3% gain in February, while the core rate had risen 0.2%.
The gain was higher than economists’ forecasts a 0.7% PPI increase, while the core rate was forecast to rise 0.2%, Bloomberg reported.
An increase in the PPI could indicate strong demand for goods, which would mean more shipments for trucking companies. However, if inflation begins to accelerate too quickly, it could also hurt the economy.
