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Supplier Prices Jumped in March, Keeping Upward Pressure on U.S. Inflation
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Suppliers raised prices sharply last month, a sign inflation continues to percolate through the U.S. economy.
The Labor Department on Wednesday said the producer-price index, which generally reflects supply conditions in the economy, increased a seasonally adjusted 1.4% in March from the prior month, a pickup from an upwardly revised 0.9% gain in February.
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