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Wholesale Inflation Surprise

March 14, 2025

The Producer Price Index (PPI) for final demand was unchanged in February, according to the U.S. Bureau of Labor Statistics report. Final demand prices rose 0.6% in January and 0.5% in December 2024. The last time total final demand was unchanged month-over-month was July, 2024. The flat January-February index is the most notable reversal in the 12-month data.

Total Final Demand Price Index (PPI) Monthly Percent Changes