• 4 hours Gold Is Still A Safe Haven, But Not Very Alluring
  • 12 hours What Does CHina’s EV Slowdown Mean For The Battery Metals Sector?
  • 1 day COVID Report Cards Will Brand Businesses Forever
  • 1 day Trump Tweet Sends Oil Soaring 25%
  • 2 days Why The Coronavirus Economic Crash Is Worse Than You Think
  • 3 days Is A Global Currency Necessary?
  • 3 days America Has Shed 500,000 Millionaires Since The Coronavirus Lockdown Began
  • 3 days Trump Wants Another $2 Trillion Economic Intervention
  • 4 days The Surprising Businesses Deemed “Essential” During The Coronavirus Lockdown
  • 4 days Priceless Van Gogh "Spring Garden" Painting Stolen
  • 4 days Oil Falls To $20 For First Time In Nearly Two Decades
  • 5 days COVID-19 Could Be The End Of U.S. Coal
  • 5 days How Much Does Your Social Security Number Cost? $4 On The Dark Web
  • 6 days Silver Stocks Have Been Decimated In The Coronavirus Sell-Off
  • 7 days How Blockchain Tech Could Make Mergers And Acquisitions More Efficient
  • 8 days America’s Shortage Of This Metal Keeps Trump Up At Night
  • 8 days Bidet Bonanza: Defying The Toilet Paper Shortage
  • 9 days U.S. Auto Sales Fall By 75%
  • 9 days Violating Quarantine? Big Brother Is Watching
  • 9 days Does Gold Still Have Some Room To Run?
What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

  1. Home
  2. Markets
  3. Other

PPI Services Shows No Price Pressures

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

  • The Producer Price Index for final demand declined 0.1 percent in March, seasonally adjusted. Final demand prices advanced 0.3 percent in February and 0.6 percent in January.
  • In March 2017, three-fourths of the decrease in the final demand index is attributable to prices for final demand services, which fell 0.1 percent. The index for final demand goods also inched down 0.1 percent.
  • Prices for final demand less foods, energy, and trade services edged up 0.1 percent in March, the tenth straight advance. For the 12 months ended in March, the index for final demand less foods, energy, and trade services climbed 1.7 percent


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.


Helpful BLS Hint

Mish Tweet

 

Back to homepage

Leave a comment

Leave a comment