by Mish

Year-over-year prices are up by 2.3% but that is based on easy comparisons and it also includes a big jump in oil prices which barely filtered through.

BLS Points

  • The Producer Price Index for final demand declined 0.1 percent in March, seasonally adjusted. Final demand prices advanced 0.3 percent in February and 0.6 percent in January.
  • In March 2017, three-fourths of the decrease in the final demand index is attributable to prices for final demand services, which fell 0.1 percent. The index for final demand goods also inched down 0.1 percent.
  • Prices for final demand less foods, energy, and trade services edged up 0.1 percent in March, the tenth straight advance. For the 12 months ended in March, the index for final demand less foods, energy, and trade services climbed 1.7 percent

No Traction

For at least 13 months, the PPI services index has been flirting with one percent year-over-year price increases. There is no price traction on the services front.

In January, PPI Goods spiked on account of rising energy prices. Year-over-year comparisons will be easy to beat, but month-over-month is more likely to stabilize.

Helpful BLS Hint

Mike “Mish” Shedlock

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The Producer Price Index (PPI) for final demand rose .2% in August vs an Econoday consensus expectation of 0.3%. Excluding food and energy, the PPI rose 0.1% vs an expectation of 0.2%.

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PPI Spikes 0.6% in January, Largest Jump in 20 Months: Start of Inflation Run? Will February Repeat?

According to the BLS, the Producer Price Index (PPI) for Final Demand rose 0.6% in January.

Inflationistas Disappointed: Producer Price Index Flat, Services +0.3%, goods -0.5%

Those rooting for higher inflation were not happy with today’s PPI report that shows producer prices flat for the month vs an Econoday consensus of a 0.1 percent rise.

Producer Prices Unexpectedly Decline

The Producer Price Index (PPI) for final goods unexpectedly declined in July. The PPI fell 0.1% as did the core PPI which excludes food and energy. THe Econoday consensus expected a 0.1% gain.

PPI Jumps 0.6% in March: Goods Up 1.0%, Services Up 0.3%

The PPI rose 0.6% with 60% of the rise due to a 1.% rise in goods, and most of that energy related.

Producer Prices Inch Up 0.1% in April

In April, the price index for final demand services advanced 0.1 percent. Prices for final demand goods were unchanged.