by Wolf Richter
Wolf Street
Including by 7.9% annualized for the not-seasonally adjusted PPI, worst since June 2022. So we’ll take a look.
The Producer Price Index data got a lot of attention today because it didn’t increase as sharply as a month ago, and so that was seen as a relief on the inflation front.
The thing is these figures are very volatile from month to month, as the blue lines in the charts below show, and the smaller increases in March on top of the spikes in February weren’t nearly small enough, and all the three-month rates – the month-to-month increases in January, February, and March combined – that iron out some of the month-to-month volatility, jumped.