Wholesale inflation jumps to highest level in three years

Wholesale prices rose sharply in March for the fourth straight month, signaling firmer inflation pressures as surging oil prices pushed headline costs higher. Excluding energy, prices for other goods and services were relatively tame, suggesting the inflation acceleration is concentrated in energy rather than broad-based demand.

Analysis

Wholesale prices rose sharply in March for the fourth straight month, signaling firmer inflation pressures as surging oil prices pushed headline costs higher. Excluding energy, prices for other goods and services were relatively tame, suggesting the inflation acceleration is concentrated in energy rather than broad-based demand.