The producer price index, which measures prices paid by wholesalers, rose 1.4% in March and 11.2% from a year ago, both records for data going back to 2010.

Prices for final demand goods led with a 2.3% monthly rise, while services prices gained 0.9%.

Wednesday’s release comes the day after the BLS reported that the consumer price index for March surged 8.5% over the past year.

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