U.S. Business Price Growth Came in Hotter Than Expected Last Month

Mony
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WASHINGTON—A gauge of U.S. business prices grew more than expected in March, the latest sign inflation pressures may be building in the economy.

The producer-price index, a measure of the prices businesses receive for their goods and services, rose a seasonally adjusted 0.3% in March from a month earlier, the Labor Department said Tuesday, while economists had expected a smaller 0.1% increase.

The…

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