After yesterday's report showing a jump in U.S. consumer prices, the Labor Department released a report on Wednesday showing U.S. producer prices also surged in the month of March.
The Labor Department said its producer price index for final demand shot up by 1.4 percent in March after advancing by an upwardly revised 0.9 percent in February.
Economists had expected producer prices to jump by 1.1 percent compared to the 0.8 percent increase originally reported for the previous month.
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August 21, 2026 14:42 ET The minutes of the latest policy meeting of the Federal Reserve, housing market data and manufacturing sector survey results were the main news for the U.S. economy this week. In Europe, inflation data from the U.K. was the highlight, while consumer price data from Japan drew attention in Asia.