Keeping you up to date on the latest data releases.
- Producer Price Index
The Producer Price Index (PPI), rose at an annualized rate of 2.5 percent in January, following three consecutive monthly declines. On a year-over-year basis the PPI is still up 1.4 percent. Producer prices for finished consumer foods rebounded from a sharp decline in December, rising 7.4 percent in January. Energy prices, on the other hand, continued to slip, decreasing 4.9 percent in January and have fallen 1.0 percent from January of last year. Excluding volatile food and energy prices, the “core” PPI rose 2.6 percent during the month, but is up just 2.0 percent over the past three months and 1.8 over the past year. At earlier stages of production, price pressure was mixed, but not markedly so in either direction.