WASHINGTON (AP) -- Wholesale prices shot up 1 percent in March, led by the biggest jump in energy costs in nearly 10 years.
The advance in the Labor Department's Producer Price Index, which measures inflation pressures before they reach the consumer, was a worse showing on inflation than the 0.5 percent rise many analysts were expecting.
The jolt reported today came from a huge 5.8 percent gain in energy prices, the sharpest rise since a 7.5 percent increase posted in October 1990.
But outside the volatile energy and food categories, the ''core'' rate of inflation at the wholesale level rose a tiny 0.1 percent, right on target with many analysts' predictions.
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