Producer Prices Fell 0.2% in March
Washington, DC, April 9, 2020-The Producer Price Index for final demand fell 0.2% in March, seasonally adjusted, the U.S. Bureau of Labor Statistics reported.
Final demand prices declined 0.6% in February and increased 0.5% in January. On an unadjusted basis, the final demand index advanced 0.7% for the 12 months ended in March.
In March, the decrease in the final demand index can be traced to a 1.0% drop in prices for final demand goods. The index for final demand services moved up 0.2%.
Prices for final demand less foods, energy, and trade services declined 0.2% in March, the largest decrease since falling 0.2% in October 2015. For the 12 months ended in March, the index for final demand less foods, energy, and trade services rose 1.0%.