Wholesale prices rose 0.7% in February, much more than expected and up 3.4% annually

[progree]

4. GRAPHS

# BLS SOURCE: https://www.bls.gov/news.release/ppi.nr0.htm
# PPI http://data.bls.gov/timeseries/WPSFD4
# PPI ex food, energy, and trade services http://data.bls.gov/timeseries/WPSFD49116





This is all pre-Iran war, which began February 28.
This is all pre-Iran war, which began February 28.

The BLS features the above two in their news release. The news release never mentions a PPI less food and energy.

Food, energy, and trade services are the volatile components

The trade services is very volatile:

See Table 1 in ppi.nr0.htm: https://www.bls.gov/news.release/ppi.t01.htm
Trade Services month-over-month percentage increases in the last 5 months were:
. . . -0.9% -0.5% +1.9% +2.2% +0.4%.
12 months: +5.2%

That's why they strip it out of their core measure (actually they never use the word "core" )