"US Wholesale Inflation Surges to 2023 High Despite Tamer March PPI"

Wholesale inflation in the US rose 0.2% in March, marking the highest level since April 2023, with annual prices up 2.1%. Core prices, excluding food and energy, also increased by 0.2% for the month and 2.4% annually. High inflation is putting financial strain on American households, particularly impacting low-income individuals. The data suggests that inflation remains above the Federal Reserve's 2% target, prompting close monitoring by policymakers as they consider potential interest rate adjustments.