MARTIN CRUTSINGER

Wholesale Level Inflation Soars In March

By MARTIN CRUTSINGER, Associated Press | April 16, 2008

WASHINGTON — Inflation at the wholesale level soared in March at nearly triple the rate that had been forecast as energy prices kept rising and food costs posted a much bigger jump than anticipated.

The Labor Department reported Tuesday that wholesale prices rose by 1.1% last month, the largest increase since a 2.6% rise last November. The November gain in the Producer Price Index was the biggest one-month jump in 33 years.