US: Producer Price Index (YoY) rose to 2.2% in March vs 1.9% expected

"The Producer Price Index for final demand rose 0.6 percent in March, seasonally adjusted," the U.S. Bureau of Labor Statistics reported on Thursday.

Key quotes

• Final demand prices edged up 0.1 percent in  February and decreased 0.1 percent in January.
  • On an unadjusted basis, the final demand index increased 2.2 percent for the 12 months ended in March, the largest 12-month rise since a 2.5-percent advance in December 2018.
• On an unadjusted basis, the final demand index increased 2.2 percent for the 12 months ended in March, the largest 12-month rise since a 2.5-percent advance in December 2018.
• The index for final demand less foods, energy, and trade services was unchanged in March  following a 0.1-percent advance in February.
  • For the 12 months ended in March, prices for final demand less foods, energy, and trade services rose 2.0 percent.