Keeping you up to date on the latest data releases.
- Producer Price Index
The Producer Price Index (PPI) rose at an annualized rate of 8.3 percent in February, only the second increase in five months. On a year-over-year basis the PPI is still up 1.7 percent. Producer prices for finished consumer foods in February fell 6.9 percent following an increase of 7.4 percent in January. On the other hand, Energy prices sharply increased 42.5 percent following four consecutive monthly declines. Year-over-year energy prices increased 1.1 percent since last February. Excluding volatile food and energy prices, “core” PPI rose 2.0 percent during the month and is up 1.7 percent year-over-year. At earlier stages of production, core intermediate good prices rose 8.4 percent (highest increase since March 2012) and core crude prices decreased 18.6 percent.