The US Department of Labor reported that producer prices in the country rose by 0.6% in March, which was the largest increase since October 2018. In February, the index rose only by 0.1%, and experts had expected its growth to accelerate last month to 0.3%. Producer prices in annual terms showed an acceleration of growth to 2.2% from 1.9% in the previous month. The prices excluding energy carriers, foodstuffs and trade services, rose over the month in the same way as a month earlier - by 1.1%. In annual terms, the figure increased by 2%, which was the lowest growth since August 2017. Wholesale energy prices jumped 5.6%. At the same time, gasoline prices rose at the fastest pace since August 2009, an increase of 16%. Food prices rose by 0.3%, basic goods - by 0.2%. The cost of services increased by 0.3%.
Oil prices fall as investors fear deep freeze impact on U.S. refineries
19.02.2021Japan cuts economic growth projection as consumer spending hurt by extended state of emergency
18.02.2021Tesla reduces prices of Model 3, Model Y base variants
15.02.2021Oil reaches 13-months highs amid rising tensions in Middle East
