Supplier Prices Rose Sharply in March, Keeping Upward Pressure on U.S. Inflation

Suppliers raised prices sharply last month, a sign inflation continues to percolate through the U.S. economy.

The Labor Department on Wednesday said the producer-price index, which generally reflects supply conditions in the economy, increased a seasonally adjusted 1.4% in March from the prior month, a pickup from an upwardly revised 0.9% gain in February.