Producer Prices Rose 1.0% in March
Washington, DC, April 9, 2021-The Producer Price Index for final demand increased 1.0% in March, seasonally adjusted, the U.S. Bureau of Labor Statistics reported.
Final demand prices rose 0.5% in February and 1.3% in January.
On an unadjusted basis, the final demand index moved up 4.2% for the 12 months ended in March, the largest advance since rising 4.5% for the 12 months ended September 2011.
In March, almost 60% of the increase in the index for final demand can be traced to a 1.7% advance in prices for final demand goods. The index for final demand services moved up 0.7%.