From the Associated Press who did not have "so it's all good" in their headline, that was the stock market reversing early weakness, April 11:
U.S. producer prices rose rose in March from a year earlier at the fastest pace in nearly a year, but the gain was less than economists expected. And wholesale inflation eased on a month to month basis.
The Labor Department said Thursday that its producer price index — which measures inflationary pressure before it reaches consumers — rose 2.1% last month from March 2023 , biggest year-over-year jump since April 2023. But economists had forecast a 2.2% increase, according to a survey of forecasters by the data firm FactSet.
And compared to February, wholesale prices were up just 0.2%, down from a 0.6% gain in February.
Stripping out volatile food and energy prices, so-called core wholesale prices were up 0.2% last month from February, the second straight drop, and 2.4% from March 2023. The year-over-year increase in core producer prices was the most since August. Economists see core inflation as a sign of where overall inflation may be headed....
....MUCH MORE
Here's the BLS with the narrative and tables:
PPI for final demand rises 0.2% in March; services increase 0.3%, goods decline 0.1%
