Photo: J.D. Pooley/Getty Images
Headline: The Producer Price Index was flat for March, missing consensus expectations of a 0.3% rise, the Bureau of labour Statistics reported Thursday.Meanwhile, core inflation (ex food and energy) gained 0.3%, beating consensus 0.2% forecasts.
Energy prices declined a full per cent after rising 1.3% in February.
Prices for crude goods plummeted 2.5%, the greatest drop since May.
Analysis: PPI measures the average change in prices from the seller’s perspective. It acts as an indicator for commodity prices in the manufacturing sector which eventually trickle down to the consumer.
NOW WATCH: Money & Markets videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.