- Prior month 0.4% MoM
- prior month 3.5% YoY
- Final demand MoM 0.0% vs 0.3% estimate
- Final demand YoY 3.2% vs 3.3% estimate
- Ex food and energy MoM -0.1%% versus 0.3% estimate. Prior 0.3% revised to 0.5%
- Ex food and energy YoY 3.4% vs. 3.5% estimate. Prior to 3.6% revised to 3.8%
Details:
Two-thirds of the February increase in the index for final demand goods is attributable to prices for chicken eggs, which jumped 53.6 percent. The indexes for pork, fresh and dry vegetables, electric power, tobacco products, and carbon steel scrap also moved higher. Conversely, prices for gasoline declined 4.7 percent. The indexes for processed young chickens and for primary basic organic chemicals also decreased
In February, a 0.3-percent increase in prices for final demand goods offset a 0.2-percent decline in the index for final demand services.
The index for final demand less foods, energy, and trade services moved up 0.2 percent in February after rising 0.3 percent in January. For the 12 months ended in February, prices for final demand less foods, energy, and trade services advanced 3.3 percent.
The index for final demand services fell 0.2 percent in February, the largest decline since moving down 0.2 percent in July 2024. The February decrease can be traced to margins for final demand trade services, which dropped 1.0 percent.
Early indications for PCE is for 0.2%
