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Consumer morale is the highest in nine months

Consumer morale is the highest in nine months

Posted by Liliana Castaño on April 11, 2014

U.S. producer prices recorded their largest increase in nine months in March as the cost of food and trade services surged, pointing to some pockets of inflation at the factory gate.

Other data on Friday showed consumer sentiment hit a nine-month high in April, strengthening views economic activity was regaining momentum after a weather-induced lull early this year.

The Labor Department said its seasonally adjusted producer price index for final demand increased 0.5 percent last month, the largest increase since June last year, after slipping 0.1 percent in February.

Economists, who has expected prices received by the nation's farms, factories and refineries to gain only 0.1 percent, were puzzled by the increase last month.

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