The Bureau of Labor Statistics (BLS) reported today (4-13-22) that the Producer Price Index (PPI) for final demand, seasonally adjusted, increased 1.4% in March. This rise followed advances of 0.9% in February and 1.2% in January. On an unadjusted basis, final demand prices moved up 11.2% for the 12 months ending in March, the largest increase since 12-month data was first calculated in November 2010.
In March, the advance in the index for final demand was led by a 2.3% advance in prices for final demand goods. The index for final demand services increased 0.9%.
Prices for final demand less foods, energy, and trade services rose 0.9% percent in March, the largest advance since rising 1.0% in January 2021. For the 12 months ended in March, the index for final demand less foods, energy, and trade services increased 7.0%.
FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.
PRODUCER PRICE INDEXES – MARCH 2022