Supplier Prices Fell in March, Adding to Signs of Moderating Inflation

Producer-price index declined 0.5% from prior month, largest drop since April 2020

Photo: Yuki Iwamura/AFP/Getty Images

U.S. supplier prices fell in March by the most in nearly three years, the latest evidence that inflation is moderating.

The producer-price index, which generally reflects supply conditions across the economy, fell 0.5% in March from the prior month, the largest monthly decrease since April 2020, the Labor Department said Thursday.

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