Growth in US producer prices in March was the fastest in 5 months


The US Department of Labor reported that producer prices in the country rose by 0.6% in March, which was the largest increase since October 2018. In February, the index rose only by 0.1%, and experts had expected its growth to accelerate last month to 0.3%. Producer prices in annual terms showed an acceleration of growth to 2.2% from 1.9% in the previous month. The prices excluding energy carriers, foodstuffs and trade services, rose over the month in the same way as a month earlier - by 1.1%. In annual terms, the figure increased by 2%, which was the lowest growth since August 2017. Wholesale energy prices jumped 5.6%. At the same time, gasoline prices rose at the fastest pace since August 2009, an increase of 16%. Food prices rose by 0.3%, basic goods - by 0.2%. The cost of services increased by 0.3%.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong