Producer prices unexpectedly fall

Producer prices unexpectedly fell.

The latest producer price index (PPI) showed that prices fell by 0.1% in March compared to the prior month, and fell by 0.1% compared to the prior year.

Core PPI fell by 0.1% over the last month, and by 1.0% over the last year.

Economists were expecting prices to rise by 0.2% in March compared to the prior month, and by 0.3% over the prior year.

Additionally, core prices were expected to rise by 0.1% over the last month, and by 1.3% over the last year.