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The Bureau of Labor Statistics said that producer prices for final demand goods and services rose 0.2 percent in February, easing somewhat from the 0.4 percent gain seen in January. For manufacturers, producer prices for final demand goods edged down 0.1 percent in February, pulling back from the 0.7 percent increase in January. Energy costs helped to boost January’s jump in input costs, which energy prices up 3.4 percent in that release; in the latest figures, energy was off by 0.5 percent. Food prices were also down by 0.4 percent, drifting lower for the third straight month. On a year-over-year basis, final demand food and energy costs have risen 0.6 percent and 9.3 percent, respectively. Excluding food and energy, producer prices for final demand goods were up by 0.2 percent in this report, increasing for the seventh consecutive month.  

Overall, producer prices for final demand goods and services have increased 2.9 percent since February 2017. This was up from 2.6 percent year-over-year in January but down from the 3.1 percent pace observed in November. In general, raw material costs have accelerated over the past year, with the year-over-year pace being 2.0 percent in February 2017. Recent sentiment surveys have tended to echo this finding, with input prices at multiyear highs in many such reports.

Similarly, core producer prices—which exclude food, energy and trade services—have increased 2.7 percent over the past 12 months, up from 2.4 percent in January. For comparison purposes, core producer prices were 1.8 percent year-over-year at this point last year.

The post Producer Prices for Final Demand Goods Slowed in February, but up 2.9% over the Past 12 Months appeared first on Shopfloor.


The Bureau of Labor Statistics said that producer prices for final demand goods and services rose 0.2 percent in February, easing somewhat from the 0.4 percent gain seen in January....

The post Producer Prices for Final Demand Goods Slowed in February, but up 2.9% over the Past 12 Months appeared first on Shopfloor.


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