Keeping you up to date on the latest data releases.
The Producer Price Index for finished goods slipped down 1.3 percent (annualized rate) in April, following an 8.4 percent increase in March. The overall index has been bouncing around wildly as of late, but is unchanged as a whole over the last three months. Excluding volatile food and energy prices, the ldquo;core” PPI rose 2.8 percent in April, following two months of virtually unchanged readings. Still, on a year-over-year basis the core PPI is up just 1.0 percent. Further back on the line of production there was some evidence of pricing pressure, as core intermediate goods prices jumped up 13.5 percent and core crude goods prices jumped up 59.9 percent. Over the past 12 months these relatively noisy series are up 5.6 percent and 49.7 percent, respectively.