2024-03-15 09:30:00 ET
Summary
- The Producer Price Index for final demand jumped by 6.9% annualized in February from January, on top of the 3.9% jump in the prior month.
- Services have been the driver of consumer price inflation for nearly two years, while falling energy costs and falling or slowly rising core goods costs in consumer price inflation measures served as a hefty counterweight to the hot inflation in services.
- Core PPI final demand jumped by 3.9% annualized in February from January, on top of the 6.1% spike in the prior month.
And that's very disconcerting.
The Producer Price Index ((PPI)) for final demand jumped by 6.9% annualized in February from January, on top of the 3.9% jump in the prior month. The three-month rate jumped to 3.3% annualized, the highest since September....
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For further details see:
What The PPI Is Telling Us: Disinflation In 'Core Goods,' A Hefty Counterweight To Hot Services Inflation, May Be Over