Producer Prices Rise 0.6 percent in March

Producer prices rose 0.6 percent in March, seasonally adjusted, after rising 0.1 percent in February, according to the U.S. Bureau of Labor Statistics. Producer prices rose 2.2 percent on an un-adjusted basis for the twelve months ending in March.

The index for final demand goods rose 1.0 percent in March, following last month’s 0.1 percent increase. The index for final demand energy was the biggest boost, rising 5.6 percent, while prices for final demand goods less foods and energy rose 0.2 percent.

Prices for final demand services rose 0.3 percent in March. Prices for final demand transportation and warehousing declined 0.8 percent in March declining 1.3 percent in February. Prices for final demand trade rose 1.1 percent.

Read the BLS release.


About Author

Hugo Dante is an economist in Washington, D.C. He was previously an economic research specialist at ABA. In addition to the ABA Banking Journal, his writing has appeared in The Hill, The National Interest and Townhall. Views expressed here are his own.