WASHINGTON – The March producer price index slipped 0.1%, slightly less than expected, the Labor Department reported Tuesday.
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Andrew Harrer/Bloomberg
The PPI's core rate, minus food, energy and trade margins, edged up 0.1%.
Goods prices reflected the expected 8.3% drop in gasoline and were down 0.1%. Services prices were also pulled down a tenth, in its case, by the loan services category.
Bureau of Labor Statistics senior analyst Scott Sager told Market News International the PPI survey day of March 14 missed the Federal Reserve rate hike a day later. That meant the subsequent rise in rates was missed.
