Tuesday, April 14, 2015

Producer Prices Increased for First Time in Months

Producer prices rose 0.2% in March according to the U.S. Bureau of Labor Statistics. This was the first increase after 4 consecutive monthly declines. Most of the rise in final demand prices is attributable to final demand goods. On a yearly basis, producer prices are down 0.8%, down from a 0.6% decline reported in February.

Final demand goods rose by 0.3% in March, the first increase in eight months. Final demand energy drove the advance, as the gasoline index increased by 7.2%.Final demand for foods decreased 0.8% while demand less foods and energy rose 0.2%.

Final demand services increased by 0.1% following a 0.5% decrease in February. Sixty percent of the March increase is attributable to a 4.1% increase in prices for portfolio management, partially offset by a 0.2% decline in transportation and warehousing and a 0.2% decline in trade.

Read the BLS release

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