US producer prices rose 2.1% year-over-year in March, the highest in 11 months but slightly below forecasted 2.2%.

US producer prices rose 2.1% in March compared to a year ago, marking the most significant increase in 11 months, but slightly below forecasted 2.2% growth. The Labor Department's data showed the Producer Price Index for final demand experienced a monthly increase of 0.2%, following a sharp rise in February. However, some categories contributing to the Federal Reserve's preferred inflation gauge showed subdued growth.