From the Bureau of Labor Statistics, April 11:
PPI for final demand decreases 0.4% in March; goods decline 0.9%, services fall 0.2%
PRODUCER PRICE INDEXES - MARCH 2025
The Producer Price Index for final demand decreased 0.4 percent in March, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices increased 0.1 percent in February and 0.6 percent in January. (See table A.) On an unadjusted basis, the index for final demand advanced 2.7 percent for the 12 months ended in March.
In March, over 70 percent of the decrease in the index for final demand can be traced to prices
for final demand goods, which fell 0.9 percent. The index for final demand services declined 0.2 percent.
Prices for final demand less foods, energy, and trade services edged up 0.1 percent in March after increasing 0.4 percent in each of the previous 3 months. For the 12 months ended in March, the index for final demand less foods, energy, and trade services advanced 3.4 percent.
Final Demand
Final demand goods: Prices for final demand goods moved down 0.9 percent in March, the largest decrease since falling 1.4 percent in October 2023. Over three-fourths of the March decline is attributable to a 4.0-percent drop in the index for final demand energy. Prices for final demand foods decreased 2.1 percent. In contrast, the index for final demand goods less foods and energy rose 0.3 percent.
Product detail: Two-thirds of the March decline in the index for final demand goods can be traced to an 11.1-percent drop in prices for gasoline. The indexes for chicken eggs, beef and veal, fresh and dry vegetables, diesel fuel, and jet fuel also moved lower. Conversely, prices for steel mill products increased 7.1 percent. The indexes for residential electric power and for processed young chickens also advanced. (See table 2.)
Final demand services: Prices for final demand services fell 0.2 percent in March, the largest
decline since moving down 0.2 percent in July 2024. Leading the March decrease, margins for final demand trade services dropped 0.7 percent. (Trade indexes measure changes in margins received by wholesalers and retailers.) Prices for final demand transportation and warehousing services moved down 0.6 percent. In contrast, the index for final demand services less trade, transportation, and warehousing increased 0.1 percent....
....MUCH MORE
Raising the question: When will wholesale egg price declines flow through to the CPI?
We would ask all the January/February eggsperts but they seem to have morphed into tariff mavens.
(also, CALM, the county's largest egg producer is under investigation for price fixing)
