In March, the US Producer Price Index (PPI) experienced a 2.1% increase over the last year, marking the highest PPI reading since April 2023. This rise in wholesale prices, however, was less than expected, with a monthly increase of 0.2%, below the Dow Jones consensus estimate of 0.3% and less than the 0.6% increase in February. The Labor Department's Bureau of Labor Statistics highlighted this as the sharpest increase in 11 months, indicating a significant but slower pace of inflation in the wholesale sector.
The Producer Price Index (PPI) for final demand rose 0.2% in March, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices moved up 0.6% in February and 0.4 percent in January. https://t.co/JeWSKMZADH
US producer prices rose 2.1% from last year, most since April, but less than forecasters expected https://t.co/T0qO8vr7BP https://t.co/fgA4IqloAz
Wholesale inflation rose 2.1% in March — sharpest increase in 11 months https://t.co/GyPCaLP0W6 https://t.co/l1SqH3iUjY
Wholesale prices rose 0.2% in March, less than expected https://t.co/r55SzfZhyq
US Producer Prices increased 2.1% over the last year, the highest PPI reading since April 2023. https://t.co/1Noh89VSL2
The producer price index increased 0.2% for the month, less than the 0.3% estimate from the Dow Jones consensus and not as much as the 0.6% increase in February, according to a release Thursday from the Labor Department’s Bureau of Labor Statistics.