Producer-Price Index Climbed in March

    https://www.wsj.com/economy/central-banking/producer-price-index-climbed-in-march-ef55d103

    Posted by EconomistWithaD

    1 Comment

    1. EconomistWithaD on

      1. [Gift link for the free riders.](https://www.wsj.com/economy/central-banking/producer-price-index-climbed-in-march-ef55d103?st=Rgixbn&reflink=desktopwebshare_permalink)

      2. So, the reading comes in softer than expected (expected was 1.1%) at 0.5%. However, on an annual basis, this is a reading of 4%.

      3. This is a very good piece about how PPI and CPI are related, and how they influence the Fed’s preferred reading, PCE. https://www.richmondfed.org/publications/research/economic_brief/2022/eb_22-38

      4. Basically, PCE is going to continue to run hotter than the target rate, and PPI/CPI will play a role.

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