U.S. wholesale prices fell last month, a sign that inflationary pressures in the economy are easing more than a year after the Federal Reserve began aggressively raising interest rates.
From February to March, the government’s producer price index dropped 0.5% as energy prices plunged after having been unchanged from January to February. Compared with a year ago, wholesale prices were up 2.7% in March, down significantly from a 4.7% year-over-increase increase in February.
