The producer price index for final demand goods and services rose by about half of what was expected in March despite concerns raised by the Iran war.

The producer price index was expected to increase 1.1% in March, according to the Dow Jones consensus estimate.

The producer price index for final demand goods and services rose by about half of what was expected in March despite concerns raised by the Iran war.

The surge in prices complicates the work of the inflation fighters at the Federal Reserve, who have faced intense pressure from Trump to lower their benchmark interest rate.