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Tuesday, October 22, 2019
HomeNewsEconomyProducer Price Index (PPI) Gains 0.6% in March, Beating Forecast Range

Producer Price Index (PPI) Gains 0.6% in March, Beating Forecast Range

Producer Price Index (PPI) graphic concept. (Photo: AdobeStock)
Producer Price Index (PPI) graphic concept. (Photo: AdobeStock)
Producer Price Index (PPI) graphic concept. (Photo: AdobeStock)

The Producer Price Index (PPI) came gained 0.6% in March seasonally adjusted (SA) after rising 0.1% in February, the U.S. Bureau of Labor Statistics reported.

The PPI in March beat the forecast range. The consensus forecast was looking for a gain of 0.4%, ranging from a low of 0.2% to a high of 0.5%.

PriorConsensusRangeActual
PPI-FD – M/M0.1%0.4%0.2% – 0.5%0.6%
PPI-FD – Y/Y1.9%1.9%1.9% – 2.1%2.2%
PPI-FD less food & energy – M/M0.1%0.2%0.1% to 0.3%0.3%
PPI-FD less food & energy – Y/Y2.5%2.5%2.0% – 2.7%2.4%
PPI-FD less food, energy & trade services – M/M0.1%0.2%0.2% – 0.2%0.0%
PPI-FD less food, energy & trade services – Y/Y2.3%2.0%

Final demand prices ticked up 0.1% in February and down 0.1% in January. On an unadjusted basis, the final demand index rose 2.2% for the 12 months ended in March, the largest 12-month rise since a 2.5-% gain in December 2018.

In March, more than 60% of the total gain in the PPI for final demand can be attributed to the 1.0% gain in prices for final demand goods. The index for final demand services moved up 0.3%.

The index for final demand less foods, energy, and trade services was unchanged in March following a 0.1% increase in February. For the 12 months ended in March, prices for final demand less foods, energy, and trade services rose 2.0%.

Written by
Staff Writing Group

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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