Producer prices unexpectedly fall
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Thomson Reuters
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The latest producer price index (PPI) showed that prices fell by 0.1% in March compared to the prior month, and fell by 0.1% compared to the prior year.
Core PPI fell by 0.1% over the last month, and by 1.0% over the last year.
Economists were expecting prices to rise by 0.2% in March compared to the prior month, and by 0.3% over the prior year.
Additionally, core prices were expected to rise by 0.1% over the last month, and by 1.3% over the last year.
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