Inflation Acceleration in the U.S.

The producer price index for final demand in the U.S. rose by 2.2% in April, exceeding expectations. Core producer prices excluding food and energy jumped by 0.5% in April. The 'core core' measure, excluding trade services prices, increased by 0.4% in April.

U.S. Producer Price Index (PPI) for Final Demand

U.S. producer prices rose by 2.1% over 12 months through March, with a monthly increase of 0.2%. Core PPI, excluding food and energy prices, rose 0.2% annually. 'Core core' PPI, which excludes trade services, food, and energy prices, rose 0.2% monthly and 2.8% annually. Services prices rose 0.3% monthly and 2.8% annually, while goods prices declined by 0.1% in March. The index measures prices from the seller's perspective and excludes taxes and subsidies.

U.S. Inflation Acceleration in February 2024

The producer price index in the U.S. rose by 0.6% in February, indicating an acceleration in inflation. This increase was higher than expected and could impact Federal Reserve's interest rate decisions.