Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

March Producer Prices Help Clock Biggest Annual Gain in Nearly a Decade

Published 09/04/2021, 11:45 pm
Updated 09/04/2021, 11:47 pm
©  Reuters

© Reuters

By Dhirendra Tripathi

Investing.com – Producer prices in the U.S. rose more than anticipated in March, helping clock the largest gains on an annualized basis since September 2011.  

The producer price index for final demand rose 1% in March, following a 0.5% increase in February, according to numbers released by the Bureau of Labor Statistics.

The higher numbers are in line with expectations of higher inflation that a booming economy and a mountain of liquidity are likely to induce.

On an unadjusted basis, the final demand index moved up 4.2% for the 12 months ended March, the largest advance since rising 4.5% for the 12 months ended September 2011.

Economists surveyed by Reuters had forecast the PPI increasing 0.5% in March and jumping 3.8% year-on-year.

Prices for final demand goods rose 1.7% last month, the largest increase since the index began to be computed in December 2009. At 60% contribution, prices for final demand energy had the maximum share behind advance in March with their 5.9% jump.

Services prices were up 0.7%, advancing for the third consecutive month.  

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.