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Producer Price Index (PPI) numbers for February — the sister report to yesterday’s important Consumer Price Index (CPI) — swung to a negative -0.1% from an expected +0.3% and originally posted +0.7% the previous quarter. Core PPI (stripping out volatile food and gas costs) was unchanged month over month, down from the +0.4% expected and +0.6% reported for January. Ex-food, energy and trade, this figure swings to +0.2%, but also down from the estimated +0.3%.
Year-over-year PPI slid 80 basis poin...
Year-over-year PPI slid 80 basis poin...
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