US PPI YoY (Mar) Y/Y 4.0% vs. Exp. 4.6% (Prev. 3.4%, Low. 3.4%, High. 5.9%)
Importance
Level 1
- "The index for final demand goods increased 1.6% in March, the largest rise since moving up 1.6% in August 2023. Most of the March advance can be traced to prices for final demand energy, which jumped 8.5%. The index for final demand goods less foods and energy increased 0.2%. In contrast, prices for final demand foods declined 0.3%."
- "Nearly half of the March advance in the index for final demand goods is attributable to a 15.7% rise in gasoline prices. The indexes for diesel fuel, jet fuel, home heating oil, meats, and primary basic organic chemicals also increased."