April 9, 2021
The final demand for the Producer Price Index rose 1.0% in March 2021, seasonally adjusted according to the U.S. Bureau of Labour Statistics. Final demand prices increased 0.5% in February 2021 and increased 1.3% in January 2021. On an unadjusted basis, “the final demand index moved up 4.2 percent for the 12 months ended in March, the largest advance since rising 4.5 percent for the 12 months ended September 2011,” BLS indicated.
Prices for final demand less foods, energy, and trade services climbed 0.6% in the month of March.
Prices for final demand services increased 0.7% in March. This was mainly attributable to the index for final demand trade services which rose 1.0%. There was an increase of 0.4% in prices for final demand services less trade, transportation and warehousing. The prices for final demand transportation and warehousing services climbed 1.5% in March.
An increase of 1.7% was observed in prices for final demand goods in March. This performance stemmed from an increase of 5.9% in prices for final demand energy. The index for final demand goods less foods and energy rose 0.9%, while prices for final demand foods also rose 0.5%.
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