Producer Prices Surged Again In February As Energy Costs Re-Accelerated
March 14, 2024 at 08:53 AM EDT
After the hotter-than-expected consumer price data, February Producer Prices were expected to slow their surge from January but they did not… with headline Final Demand PPI rising 0.6% MoM (double the 0.3% rise expected) – the hottest print since June 2022. That lifted the YoY PPI to +1.6%, its highest since September… Source: Bloomberg That […] Source
