. Producer price increases slowed to an annual pace of 4.6% last month, significantly down from 6% in January, the Labor Department reported Wednesday. February prices fell by 0.1% after rising 0.7% in January. Economists surveyed by Refinitiv had been expecting the 12-month rise in wholesale prices to slow to a 5.4% increase. Taking out the often volatile food and energy components, core PPI also notched some stark declines: annual price increases dropped to 4.
2% drop in final demand goods, which had spiked 1.2% in January, according to Bureau of Labor Statistics data. The final demand services index was down 0.1%, driven by a 0.8% drop in trade and a -1.1% drop in transportation and warehousing. PPI is one of several closely watched inflation gauges. Because the producer-centric index captures price shifts upstream of the consumer, it’s sometimes looked to as a potential leading indicator of how prices may eventually land at the store level.
CNN means Comedy Not News these days.
Ah yes so complicated . . .
“Inflation is down but everything’s still expensive.” 🤦♂️ It’s the law of unintended consequences for Biden’s new minimum corporate tax.
Where did inflation fall 🤡🤡🤡
BS
This means you’re going broke slower than you were in June.
CNN: Protecting humanity from alien attack by broadcasting there is no advanced intelligent life on this planet they need to worry about.
CNN, 🤬
BRICS is better
Can't raise interest rates, can't lower interest rates. QE 5!
THIS IS WHAT HAPPENS WHEN YOU STEAL ELECTIONS FOR DEMENTED OLD COMMUNIST.
FAKE NEWS FROM COMMUNIST DEM PROPAGANDIST AT CNN.
WTF?
Still a 50 year high
So inflation hasn’t gone down. Interests rates are still up. Prices are up all around.
bullshit...
Celebrating 6% inflation is absurd and nothing but supporting pro Biden administration propaganda This tweet is not even a semblance of objective journalism and blatant cheerleading
I wish grocery prices would get to Trump era levels
Inflation fell, but prices didn’t? Great journalism work.
This is like saying a skydiver slowed down because he reached terminal velocity
Sadly then the numbers are not showing the true story are they?
Could you explain, exactly which part of the “inflation” has fell!!! Cause I don’t feel any changes on my monthly expenses…
Three types of lies... lies , damn lies and government statistics.. l.
CNN lies
No shit, you fake news clowns.
The only thing more full of 💩 more than CNN is the BS that come out Pedo Joes mouth
Lying ass cnn telling us to ignore what we see with our own eyes again
Thanks Trump
Corporate profits. It’s always corporate profits.
The Fed raised interest rates to curb inflation but is still high. A combination of rate spikes and quantitative tightening sparked bank crashes. Maybe the Fed is not that smart after all.
Lie!! Still higher than it's been in my lifetime.....
How much is cheezwiz?
Ask Robert Reich to explain it to you
What’s the big deal with grocery’s being so expensive?
Absurd CNN spin to pump up the failing Biden administration
Corporate. Greed.
Most necessities are still very high.
Here’s the truth people
It’s still at 6% and still way to high.
CNN lies
Good! College grads can pay their loans back.
I believe ya! 😂😂😂😂😂😂😂😂🤡🤡🤡🤡🤡🤡🤡🤡
Corporations are suddenly less greedy or is this Putin's Price Reduction?
How is that clown still on CNN? I guess CNN wants to fail and has not changed with reporting fake news. Your ratings keep falling, and somehow it is a mystery. Why? Change comes with getting rid of the old and bringing in fresh blood.
Just wait until the massive food shortages coming this Fall...that were designed by the Biden admin. Fatten up while you can folks.
Can you imagine if Trump was POTUS and inflation was 6% I'm sure we'd be getting a different show on CNN here.
Which doesn't include important things like food. Wish you coulda seen my grocery bag the other day and how little $50 got me. EnemyOfThePeople GovernmentMediaComplex
In spite of Biden, not because of him.
Potato chips are $6 😡
Oh the Drama!