Consumer Price Index: Difference between revisions

Consumer Price Index (view source)

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 The PPI serves as a leading indicator for the CPI, so when producers face input inflation, the increases in their production costs are passed on to retailers and consumers.
+*The U.S producer price index(PPI) dropped 0.5% month-over-month in March compared to expectations for prices to be flat<ref>https://www.cnbc.com/2023/04/12/stock-market-today-live-updates.html</ref>.
-*PPI has been in a significant declining trend since Q2 2022, declining more than 5%. CPI has been following the same behavior in recent months and is expected to continue <ref name=":1">https://tradingeconomics.com/united-states/producer-prices-change</ref>
+* Core PPI declined 0.1% month-over-month, way better than the 0.2% expected increase.
-*PPI slowed for a seventh straight month to 6% in January of 2023, the lowest since March of 2021, from an upwardly revised 6.5% in December, but above market forecasts of 5.4%<ref name=":1" />
+* Year-over-year, PPI rose 2.7% in March versus 4.9% year-over-year increase in February.
+*The decline in PPI was mainly attributed to the 1% drop in the prices of final demand goods<ref>https://www.bls.gov/news.release/pdf/ppi.pdf</ref>.
 ===4. Housing Market===
 Past Developments: [[Housing Market: US#Price Developments|Housing Market: US]]