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Producer Price Indexes - March 2022
The Producer Price Index for final demand increased 1.4 percent in March, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This rise followed advances of 0.9 percent in February and 1.2 percent in January. (See table A.) On an unadjusted basis, final demand prices moved up 11.2 percent for the 12 months ended in March, the largest increase since 12-month data were first calculated in November 2010. In March, the rise in the index for final demand was led by a 2.3-percent advance in prices for final demand goods. The index for final demand services increased 0.9 percent. Prices for final demand ... (full story)
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US: Annual PPI jumps to 11.2% in March vs. 10.6% expected
The annual rate of US Producer Price Inflation (PPI) rose to 11.2% in March, above expectations for a rise to 10.6% from 10.0% in February, data released by the Bureau of Labour Statistics and Department of Labour showed on Wednesday. The jump was powered by a 1.4% MoM rise in prices, according to the Producer Price Index, which was above the expected 1.1% rise. Core PPI rose at an annual pace of 9.2%, well above the expected 8.4% reading and up from February's 8.4%. The MoM rate of Core PPI was 1.0%, above the expected 0.5% reading. The DXY saw a very small pop, but has not been able to rally back to session highs ... (full story)