6.9% year to year wholesale inflation rate

[RB TexLa]

Wholesale prices soared in March



By MARTIN CRUTSINGER, AP Economics Writer 2 minutes ago

WASHINGTON - Inflation at the wholesale level soared in March at nearly triple the rate that had been expected as the costs of energy and food both climbed rapidly.

The Labor Department reported Tuesday that wholesale prices rose by 1.1 percent last month. That was the second biggest increase in the past 33 years. Analysts had been expecting a much more moderate 0.4 percent rise in wholesale prices.

Core inflation, which excludes energy and food, was more moderate last month, rising by just 0.2 percent, down from a worrisome 0.5 percent rise in February.



http://news.yahoo.com/s/ap/20080415/ap_on_bi_go_ec_fi/economy_35