Another inflation report underlines the strength of the US economy before Trump’s tariff chaos
CNN
Inflationary pressures eased at the wholesale level last month, another indication of a strong economy before the bulk of President Donald Trump’s aggressive trade policies kicked in.
Inflationary pressures eased at the wholesale level last month, another indication of a strong economy before the bulk of President Donald Trump’s aggressive trade policies kicked in. The Producer Price Index, a closely watched measurement of wholesale inflation, showed that the prices paid to producers fell 0.4% in March from the month before, when prices rose 0.1%; and slowed on an annual basis to 2.7% from 3.2%, according to Bureau of Labor Statistics data released Friday. Economists were expecting monthly prices to rise by 0.2% and to accelerate to 3.3% on an annual basis. PPI, which measures the average change in prices received by producers of goods and services, serves as a potential bellwether for retail-level inflation in the months ahead. This index also is being scrutinized to glean insight as to the initial impacts of Trump’s sweeping new and proposed tariffs. On Thursday, the latest Consumer Price Index data showed that overall inflation cooled for the goods and services Americans commonly purchase. But tariffs and a quickly escalating trade war with China are expected to result in some price increases for consumers. Energy prices dragged down the overall PPI, Thursday’s data showed, as they did in CPI. The energy for final demand index sank 4% for the month.
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