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