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

OPEC+ Producers Can’t Stabilize Oil Market

CD Media Staff

Markets Move Slightly Higher On Trump China Trade Comments

CD Media Staff

Oil Prices Jump But Don’t Expect It To Last

Tim Daiss

Leave a Comment