Wholesale Inflation Rises to Highest Yearly Increase Since April 2023, Adding Pressure on Fed and Consumers

• Wholesale inflation rose 0.2% in March, up 2.1% from a year ago - the highest yearly increase since April 2023

• Core wholesale prices excluding food and energy also increased 0.2% for the month and 2.4% over the past 12 months

• High inflation continues creating financial pressures for U.S. households, especially low-income Americans

• Consumer price index rose 0.4% in March and 3.5% from a year ago, showing sticky high inflation

• The Federal Reserve is closely monitoring inflation to determine future interest rate policy, signaling potential rate cuts this year if inflation keeps decreasing