Keeping you up to date on the latest data releases.
- Producer Price Index
The Producer Price Index (PPI) for finished goods increased at an annualized rate of 9.6 percent in January, largely due to an increase in energy prices (up 21.0 percent). The series is now up 3.6 percent on a year-over-year basis. Excluding food and energy prices, the “core” PPI jumped 6.4 percent in January, compared to just a 2.8 percent increase in December. Over the past three months, the core PPI is now trending at a 3.5 percent annualized growth rate, and it is up 1.6 percent over the last year. Further back on the line of production, pricing pressure remains on the upside as core intermediate goods rose 5.0 percent and core crude goods spiked up 25.7 percent.