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Wholesale prices remained flat in February. The prices were expected to rise 0.3%.
The PPI core actually fell with a -.01% decrease.
PPI deep freeze
PPI 0.0% MoM, Exp. 0.3%
PPI Core -0.1%, Exp. 0.3%PPI 3.2% YoY, Exp. 3.3%
PPI Core 3.4%, Exp. 3.5%— zerohedge (@zerohedge) March 13, 2025
Wholesale prices were flat in February providing some more welcome news on inflation amid tariff fears, the Bureau of Labor Statistics reported Thursday.
The producer price index, considered a leading indicator for pipeline inflation pressures, showed no gain for the month after jumping an upwardly revised 0.6% in January, seasonally adjusted figures showed. Economists surveyed by Dow Jones had been looking for a 0.3% increase.
Excluding food and energy, core PPI decreased 0.1%, also against an estimate for a 0.3% rise and the first negative reading since July. Core prices excluding trade services showed a gain of 0.2%, also below a 0.3% estimate.
Wholesale goods prices rose o.3%, largely driven by the increase in egg prices.
Wholesale goods prices rose 0.3% for the month, an increase that was fueled largely by sharp inflation in eggs but offset by falling energy prices. Egg inflation is slowing on the wholesale level, but prices remain significantly higher than last year as a deadly avian flu has devastated flocks and impacted supply.
The eggs for fresh use index rose 28.1% on a monthly basis, slowing from 44% in January. On an annual basis, the category is up 136.6%.
Donald Trump is tackling the inflation issue.