April 09, 2020
Final demand for the Producer Price Index decreased 0.2% in March 2020, seasonally adjusted according to U.S. Bureau of Labor Statistics. Final demand prices fell 0.6% in February and increased 0.5% in January. On an unadjusted basis, “the final demand index increased 0.7% for the 12 months ended in March,” BLS indicated.
Prices for final demand less foods, energy, and trade services fell 0.2% in the month of March. Notably, the index over the past twelve months ended March depicted an upwards trend with a 1.0% advance.
Final demand services experienced a 0.2% increase in prices in the month of March. This performance was mainly attributable to an increase of 1.4% in prices for final demand trade services. BLS highlighted, that prices for final demand transportation, and warehousing declined by 3.3% whereas margins for final demand services less trade, transportation and warehousing remained unchanged.
A decline of 1.0% was observed in prices for final demand goods in March. This performance stemmed from a decrease of 6.7% in prices for final demand energy. The index for final demand goods less food and energy increased 0.2%, while prices for final demand foods remained unchanged.
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