March 2020 Producer Price Index — 2020-04-09

The Producer Price Index for final demand fell 0.2 percent in March, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices declined 0.6 percent in February and increased 0.5 percent in January. (See table A.) On an unadjusted basis, the final demand index advanced 0.7 percent for the 12 months ended in March. In March, the decrease in the final demand index can be traced to a 1.0-percent drop in prices for final demand goods. The index for final demand services moved up 0.2 percent. Final demand goods: The index for final demand goods fell 1.0 percent in March, the largest decline since moving down 1.1 percent in September 2015. The March decrease can be attributed to prices for final demand energy, which dropped 6.7 percent. In contrast, the index for final demand goods less foods and energy advanced 0.2 percent. Prices for final demand foods were unchanged.