Recent History Of This Indicator:
March gains for oil prices did little to boost producer prices in March but are expected to have a positive effect in April with the consensus looking for a 0.3 percent gain. Excluding oil, however, and also excluding food, core prices are expected to show much less strength at only plus 0.1 percent. Service prices in this report showed no strength at all March, down 0.2 percent for the first decline since October. Another drop for service prices, regardless of strength at the headline level, would not improve the inflationary outlook.
March gains for oil prices did little to boost producer prices in March but are expected to have a positive effect in April with the consensus looking for a 0.3 percent gain. Excluding oil, however, and also excluding food, core prices are expected to show much less strength at only plus 0.1 percent. Service prices in this report showed no strength at all March, down 0.2 percent for the first decline since October. Another drop for service prices, regardless of strength at the headline level, would not improve the inflationary outlook.
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