Surprise drop shows up in U.S. wholesale prices

04/15/2009 | Washington Post, The

The latest data show U.S. wholesale prices declined sharply in March, with the cost of home-heating oil, gasoline and groceries plunging. This caught analysts off guard, who expected wholesale prices to be flat. The Labor Department reported a 1.2% drop in the producer-price index, a sign that inflation is not likely to return soon.

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