Prior +0.7%; revised to +0.8%
This is very much lagging data as the whole picture will change once we get to the March report. That as we will see a surge in energy inflation especially, which will translate to higher price pressures here and eventually make its way into consumer prices too. The picture before the war is quite a different one, hence there is not much to extrapolate from this report.
The breakdown shows that energy prices were down 2.4% on the month and if you exclude that, overall producer prices actually increased by 0.1%.
The added details show an increase in prices for intermediate goods (+0.3%), capital goods (+0.3%), and durable consumer goods (+0.2%). Meanwhile, there was a drop in prices for non-durable consumer goods (-0.2%).
This article was written by Justin Low at investinglive.com.