US producer prices undershoot, slip in February

15 March 2023

 

Summary: US producer price index (PPI) down 0.1% in February, fall contrasts with expectations; annual rate slows to 4.6%; “core” PPI flat; Treasury yields fall dramatically; rate-rise expectations soften significantly; goods prices down 0.2%, services prices down 0.1%. 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...

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