March 2007 PPI Up 1.0%, Core PPI Unchanged

The PPI (Producer Price Index) increased 1.0% during March of 2007. Core-PPI, which excludes food and energy, was unchanged.

The following quote was copied from and is from Joel Naroff, president of Naroff Economic Advisors.

   "Food and energy costs are surging, but if you don't have to 
    eat and drive, life is not that bad. This was a pretty good 
    report, if you are a central banker. If you live in the real 
    world, it was not pleasant news."

PPI values for the last 13 months (2nd line is core-PPI).

  Mar   Feb   Jan   Dec   Nov   Oct   Sep   Aug   Jul   Jun   May   Apr   Mar
  1.0   1.3   -.6   .9    2.0   -1.5  -1.1  .4    .1    .5    .2    .7    .4 
  0.0   0.4         .2    1.3
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Creator: Gerald D. Thurman []
Created: 14 April 2007

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