Market Updates
PPI in March Jumps 1.4%, Annual Core PPI Rises 7%
Brian Turner
13 Apr, 2022
New York City
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The producer price index in March rose 1.4% adjusted for seasonality following 0.9% gain in February and 1.2% rise in January. The index rose 11.2% from a year ago and the largest increase since the series began in November 2010. Core PPI which excludes food, energy, and trade services rose 0.9% in the month and 7% from a year ago. Over half of the increase was driven by a surge in energy.
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