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Producer prices increase in March

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Producer prices increase in March

Rise of 0.2% ends a four-month decline.

The seasonally-adjusted Producer Price Index for final demand increased 0.2% in March, the U.S. Bureau of Labor Statistics reported today.  This followed a decrease of 0.5% in February, and ended four straight months of declines.  

March’s increase in PPI was in line with analysts’ expectations.

The increase was largely attributed to rising energy costs, which rose 1.5% during the month.

In the 12 months through March, producer prices fell 0.8%, also in line with analysts’ expectations.

Producer prices excluding volatile food and energy costs increased 0.2%, after a flat February.

Click here to see the full report.

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