US producer prices rocket in March

09 April 2021

 

Summary: Prices received by producers jump in March; double expected figure; smaller “core” PPI increase; US Fed expects rises to be transitory; rise in good prices attributable to higher energy prices.   Around the end of 2018, the annual inflation rate of the US producer price index (PPI) began a downtrend which continued through 2019. Months in which producer prices increased suggested the trend may have been coming to an...

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