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Largest Increase Ever Recorded: Producer Prices Jump 11.2% from a year ago in March

the staff of the Ridgewood blog

The Producer Price Index for final demand increased 1.4 percent in March, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This rise followed advances of 0.9 percent in
February and 1.2 percent in January.  On an unadjusted basis, final demand prices moved up 11.2 percent for the 12 months ended in March, the largest increase since 12-month data
were first calculated in November 2010.

In March, the rise in the index for final demand was led by a 2.3-percent advance in prices for final demand goods. The index for final demand services increased 0.9 percent.

Prices for final demand less foods, energy, and trade services moved up 0.9 percent in March, the largest advance since rising 1.0 percent in January 2021. For the 12 months ended in March, the
index for final demand less foods, energy, and trade services increased 7.0 percent.

5 thoughts on “Largest Increase Ever Recorded: Producer Prices Jump 11.2% from a year ago in March

  1. Dumb and dumberer

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  2. But CNN is saying that all this inflation is due to Russia, and any rise in inflation prior to the Russian invasion of Ukraine is somehow due to Trump.

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  3. Hurricane Biden is a destructive force

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  4. This is what Ridgewood voted for.

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  5. 11.2% reported
    …the reporting is inching closer and closer to the true percentage.

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