US Producer Prices Rose by a Higher 1.4% in March from February

Source: Bureau of Labor Statistics

The Producer Price Index in the US gained 1.4% in March, accelerating from an increase of 0.9% in February and 1.2% in January. SPY is up +0.55%, DXY is down -0.12%.

• Final demand for goods led to the rise in the producer prices in March, with a gain of 2.3% in March, the same as February. Final demand services saw a gain of 0.9%.
• More than half of the broad-based gain in final demand goods prices were traced to a 5.7% surge in the prices of energy.
• In the twelve months to March, producer prices increased by 11.2%, the largest gain since November 2010.
• Lower food, energy, and trade prices, producer prices rose by a monthly 0.9% in March, the largest advance since January 2021. The index rose by 7.0% in the twelve months to March.