Rising fuel and oil prices sent inflation at the wholesale
level in March to its biggest increase in three months.
The Associated Press reported that statistics from
the Department of Labor showed that wholesale prices rose by 0.5 percent in
March, after a 1.4 percent drop in February.
The increase was slightly bigger than the 0.4 percent
increase that had been predicted, and was driven by a 9.1 percent increase in
fuel costs, according to The AP.
Meanwhile, the Producer Price Index, which measures
inflation pressures before they hit the consumer level, was also up 0.5
percent, its biggest one-month increase since December.
The AP reported that, food and energy sectors aside,
core inflation stayed relatively stable in March, rising just 0.1 percent.