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U.S. Producer Prices Unexpectedly Flat In March

With energy prices falling in the month of March, the Labor Department released a report on Thursday showing that producer prices for the month unexpectedly came in unchanged.

The Labor Department said its producer price index was flat in March following a 0.4 percent increase in February. Economists had been expecting the index to increase by 0.3 percent.

Excluding food and energy prices, the core producer price index rose by 0.3 percent in March after edging up by 0.2 percent in February. The core index had been expected to increase by 0.2 percent.

by RTT Staff Writer

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