March Producer Price Index, or PPI for March 2010 came in at +0.7%. The original press release is on the BLS website. Eat your veggies just became a right of the privileged. Vegetable prices surged 49.3% in one month.
At the earlier stages of processing, prices received by manufacturers of intermediate goods climbed 0.6 percent in March and the crude goods index rose 3.2 percent.
Check out the change in Finished Goods from one year ago. I do believe deflation is quite over.
In Finished goods, 70% of the price increases is due to a 2.4% increase in consumer foods. Finished energy goods increased 0.7%.
Onto Oil. Cruel oil increased, seasonally adjusted, 12.2% from last month. Check out in the graph below, the change in Finished energy from one year ago, a whopping 23%. Here comes gas prices!
Below is the month to month percent change in Fuels: