CD Media
Markets

Wholesale Inflation Soars, Led By Gasoline

Image by Kenneth Stone
 Flying A Gasoline pump located at China Camp State Park in San Rafael, Ca

Wholesale inflation came in much higher than expected in March of this year but the increase was mainly due to the rising cost of gasoline.

PPI for March MoM was reported at 0.6% vs 0.3% consensus estimate; ex food and energy the numbers were 0.3% vs 0.2% estimated.

YoY numbers for March came in at 2.2% vs 1.9% estimate; ex food and energy were flat at 2.4%.

Initial jobless claims were slightly lower than expected at 196k vs 211k consensus estimate.

Continuing claims were 1.713MM vs 1.738MM estimated.

Related posts

“Odds Point To A Worst-Case Scenario”: Shocked Traders Respond To Latest Trade War Twist

CD Media Staff

Defaulting On The National Debt Is The Moral Thing To Do

CD Media Staff

China Says No More Trade Talks For Now, We Can Take The Pain…This Remains To Be Seen

CD Media Staff

Leave a Comment

Subscribe to our evening newsletter to stay informed during these challenging times!!

Clicky