A Sector-by-Sector Breakdown: Winners and Losers
Goods: The Unexpected Frontrunner
Final demand goods prices surged 0.6%, marking the largest increase since February. This rise was primarily fueled by a substantial 1.9% jump in energy prices. Gasoline led the charge with a 2.8% advance, while diesel fuel, meats, and jet fuel also saw significant increases.
Services: A Surprising Retreat
In contrast to the goods sector, final demand services prices dipped 0.2%, the most substantial decrease since March 2023. This decline was largely attributed to a 1.3% drop in final demand trade services, reflecting changes in margins received by wholesalers and retailers.
The Long View: Annual Inflation Trends
On a year-over-year basis, the unadjusted index for final demand climbed…
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