The Producer Price Index (PPI) for final demand rose 0.6 percent in March, seasonally adjusted, the U.S. Department of Labor reported on Thursday.

Final demand prices edged up 0.1 percent in February and decreased 0.1 percent in January.

On an unadjusted basis, the final demand index moved up 2.2 percent for the 12 months ending in March, the largest 12-month rise since a 2.5-percent advance in December 2018.

In March, over 60 percent of the increase in the index for final demand can be attributable to a 1.0- percent advance in prices for final demand goods.

The index for final demand goods moved up 1.0 percent in March, the largest advance since a 1.0-percent rise in May 2015.

Over 60 percent of the increase in the index for final demand goods can be attributable to a 16.0-percent jump in gasoline prices.

Prices for final demand services rose 0.3 percent in March after no change in February. The increase is attributable to the index for final demand trade services, which advanced 1.1 percent.