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US wholesale prices unexpectedly fell 0.4% in March, defying expectations of a 0.2% rise. The annual rate slowed to 2.7% from 3.2%. Lower energy prices significantly contributed to the decline, though wholesale iron and steel prices surged 7.1%. This follows a similar cooling trend in the Consumer Price Index, suggesting inflationary pressures may be easing despite the impact of recent tariffs imposed by the Trump administration. Economists remain concerned about the long-term effects of escalating trade tensions.

Prepared by Christopher Adams and reviewed by editorial team.