Wholesale Prices Up 1.1% in March
Wholesale prices increased 1.1% in March, seasonally adjusted, the Bureau of Labor Statistics of the U.S. Department of Labor reported. This advance followed a 0.3% rise in February and a 1.0% increase in January. The rise in the index for finished goods less foods and energy (core inflation) slowed to 0.2% from 0.5% in February.
For the 12 months ended March 2008, wholesale prices rose 6.9%. Over the same period, the index for finished energy goods increased 20.4%, prices for finished consumer foods moved up 5.8%, and the index for finished goods less foods and energy advanced 2.7%. For the 12 months ended in March, prices received by manufacturers of intermediate goods rose 10.5%, and the crude goods index advanced 31.4%.
For the first quarter 2008, wholesale …
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