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U.S. producer prices up 0.2 pct in March

Xinhua, April 15, 2015 Adjust font size:

The U.S. producer prices in March posted the first increase in five months, the Labor Department said on Tuesday.

The Producer Price Index (PPI), a gauge of inflation at the factory gate, rose 0.2 percent in March, following a drop of 0.5 percent in February.

Excluding the volatile food and energy sectors, the so-called " core" PPI went up 0.2 percent after falling 0.5 percent in February.

The low inflation pressure will be an important factor that policy makers weigh as to when to start raising short-term interest rates.

Federal Reserve Chair Janet Yellen has said that recent drop in inflation was mainly due to oil price drop, and that the Fed was reasonably confident that inflation would move back over the medium term toward the objective, as the labor market conditions continued to improve further. Endite