Producer Price Index for Final Demand Increased 1.4% in March 2022

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%.