In some good news, inflation, as measured by the producer price index, declined from 3.5% to 3.2% for the year ending in February.
The numbers were released on Thursday by the Bureau of Labor Statistics and the decline is welcome news for the economy.
On a month-to-month basis, the wholesale price index was flat.
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The report comes a day after the more closely watched consumer price index dropped from 3% to 2.8% for the year ending in February, a sign that price pressures are abating and might not be among the top economic risks facing the new Trump administration.
President Donald Trump has been grappling with rising fears of a recession as he launches a multifront trade war. There are also rising fears of a recession given recent slowdowns in the stock market and
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