A person browss a grocery store after the announcement of tariffs on Canadian and Mexican goods by US President Donald Trump on March 4, 2025 in Toronto, Ontario, Canada.
Arlyn mcadorey | Roots
The wholesale prices were flat in February, providing some more welcome news for inflation amidst tariff fear, the bureau of labor statistics said on Thursday.
The manufacturer price index, considered a major indicator for pipeline inflation pressure, showed no advantage for the month after jumping 0.6% from one top in January, showed seasonally adjusted figures. Economists surveyed by Dow Jones were looking for an increase of 0.3%.
Except for food and energy, the core PPI declined by 0.1%, as well as an estimate for an increase of 0.3%. Core prices also show a profit of 0.2%, except for business services.
There was a loss after the stock market futures report while the treasury yield was high.
A day after BLS reported, the report came that the consumer price index increased by 0.2% for February, 2.8% of the headline inflation rate, slightly relaxation from January and some encouraging news at a time when the market is concerned with the effect of what will happen to the cost of President Trump’s tariff.
While CPI measures what consumers pay in the register for goods and services, PPI is a gauge of final demand prices that producers get for their products.
The decline in the prices of services by 0.2% offset the increase in goods by 0.3%. The BLS stated that two-thirds of the increase in goods came due to an increase of 53.6% in chicken egg prices. Evian flu has led to an egg growth, which has hit the supply, although there are some evidence that prices have decreased in March as the outbreak has slowed down.
From the services, more than 40% decline machinery and margin for vehicle wholesale came down by 1.4%.
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