Energy-driven PPI rise in March undershoots expectations, fueling Fed hold bets
TL;DR
March PPI rose 0.5%—below the 1.1% consensus—driven mainly by energy costs (gasoline +15.7%, diesel +42%), while core PPI advanced only 0.1%. The all-items PPI climbed 4% year over year (core 3.8%), with services flat. The inflation signal remains mixed as energy pressures ease and guidance toward the Fed’s 2% target supports expectations for rates to stay on hold; markets showed little reaction to the data.
- Wholesale prices rose 0.5% in March, much less than expected despite war impact CNBC
- Prices Paid to US Producers Up Less Than Forecast Despite Energy Bloomberg.com
- Wholesale Inflation Rises in March on Oil Price Spike But Comes in Below Estimates U.S. News & World Report
- Gold price catches a bid as U.S. PPI rises 0.5% in March KITCO
- Wholesale Inflation Comes In Cooler Than Expected WSJ
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