Producer Price Index - Final Demand (PPI-FD) for March 2022
The Producer Price Index - Final Demand (PPI-FD) for March 2022 was released this morning:
Predicted: +1.0%
Actual: +1.4%
Change from 12 months previous: +11.2%
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Below is the PPI-FD when food, energy and trade services are removed:
Predicted: +0.7%
Actual: +0.9%
Change from 12 months previous: +7.0%
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The above, yellow-highlighted percentages represent the month-to-month
change in prices received by domestic producers of goods and services,
for goods, services and construction in the United States, for final
demand.
Final Demand = personal consumption (consumers), exports, government purchases and capital investment.
The PPI-FD is released by the Labor Department's Bureau of Labor Statistics.
The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.
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From Today's Report:
"...The Producer Price Index for final demand increased 1.4 percent in March, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This rise followed advances of 0.9 percent in February and 1.2 percent in January. On an unadjusted basis, final demand prices moved up 11.2 percent for the 12 months ended in March, the largest increase since 12-month data were first calculated in November 2010..."
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Labels: Coronavirus, COVID-19, COVID19, hard_data, inflation, Pandemic, ppi, ppi-fd, Prices, producer_price_index, wholesale, wholesale_prices
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