PPI Services Shows No Price Pressures

By: Mike Shedlock | Thu, Apr 13, 2017
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Wholesale prices show continued weakness, especially services.

The BLS reports PPI for Final Demand Declines 0.1% in March. Services and goods both decreased by 0.1%.

Year-over-year prices are up by 2.3% but that is based on easy comparisons and it also includes a big jump in oil prices which barely filtered through.


BLS Points


PPI Final Demand 

PPI Final Demand price Indexes


No Traction

For at least 13 months, the PPI services index has been flirting with one percent year-over-year price increases. There is no price traction on the services front.

In January, PPI Goods spiked on account of rising energy prices. Year-over-year comparisons will be easy to beat, but month-over-month is more likely to stabilize.


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Mike Shedlock

Author: Mike Shedlock

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Mike Shedlock

Michael "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Visit http://www.sitkapacific.com/ to learn more about wealth management for investors seeking strong performance with low volatility.

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