VGSH - 2 Things About The PPI: March Seasonal Adjustments Were Huge And 3-Month Rates All Jumped

2024-04-12 05:00:00 ET

Summary

• The Producer Price Index data got a lot of attention today because it didn’t increase as sharply as a month ago.
• The seasonal adjustments in March were far larger than in the Marches during the years before the pandemic.
• The PPI, not seasonally adjusted, jumped by 6.2% annualized in March from February, which was a smaller spike than the 9.2% in February.

Including by 7.9% annualized for the not-seasonally adjusted PPI, worst since June 2022. So we'll take a look. ...

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