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U.S. producer inflation firms in March as prices increase broadly
By Lucia Mutikani
Reuters
Friday, April 9, 2021
WASHINGTON -- U.S. producer prices increased more than expected in March, resulting in the largest annual gain in 9 1/2 years, likely marking the start of higher inflation as the economy reopens amid an improved public health environment and massive government funding.
The report from the Labor Department today also showed solid gains in underlying producer prices last month.
Inflation is expected to heat up this year, driven by pent-up demand and as the weak readings last spring drop out of the calculation. Prices tumbled early in the pandemic amid mandatory closures of non-essential businesses across many states to slow the first wave of COVID-19 infections. ...
... For the remainder of the report:
https://www.reuters.com/article/us-usa-economy-inflation/u-s-producer-in...
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