United States Producer Price Inflation MoM

US factory gate prices unexpectedly decreased 0.4% month-over-month in March 2025, the first decline in PPI since October 2023, following a 0.1% rise in February and compared to forecasts of a 0.3% increase. Prices of goods went down 0.9%, also the biggest drop since October 2023, mainly due an 11% plunge in gasoline. Prices were also lower for chicken eggs, beef and veal, fresh and dry vegetables, diesel fuel, and jet fuel also moved lower. Also, services cost dropped 0.2%, the largest decline since July 2024, led by a 1.3% drop in machinery and vehicle wholesaling. Cost for airline passenger services; food retailing; apparel, jewelry, footwear, and accessories retailing; automobiles retailing (partial); and guestroom rental also moved lower. Meanwhile, core producer prices edged 0.1%, below forecasts of a 0.3% rise. Year-on-year, producer prices increased 2.7%, the least in six months, compared to forecasts of 3.3%. The annual core rate also slowed to 3.3% from 3.5%.