PRODUCER PRICE INDEX FOR MARCH:
- Core PPI +3.8% vs +4.1% expected- Headline PPI +4% vs +4.6% expected- Half of the increase is because of a +15.7% increase in gasoline prices- Airline passenger services were up +2.8%- Largest overall increase in PPI since Feb 2023 Overall not a good print, but better than expected and if the war comes to an end soon (which causes oil to drop soon) than the market could overlook March's PPI and look forward to future months where rising oil/gas is not the main reason for an increase in inflation.Source: amit
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