United States Producer Price Inflation MoM

Producer prices in the US were unchanged in February from January 2025, following an upwardly revised 0.6% rise in the previous period and below forecasts of a 0.3% gain. It is the lowest rate in seven months, with services prices falling 0.2%, the largest decline since July 2024, led by a 1.4% fall in margins for machinery and vehicle wholesaling. Prices were also lower for food and alcohol retailing; automobiles retailing; apparel, footwear, and accessories; chemicals wholesaling; and residential real estate loans. On the other hand, prices of goods increased 0.3%, the fifth consecutive rise, with two-thirds of increase attributable to prices for chicken eggs, which jumped 53.6%. Prices of pork, fresh and dry vegetables, electric power, tobacco products, and carbon steel scrap also moved higher. Year-on-year, producer prices rose 3.2%, below an upwardly revised 3.7% in January and forecasts of 3.3%. The core PPI declined 0.1% on the month and 3.4% on the year, well below forecasts.