Diane Swonk: Core goods producer price index posts largest increase since early 2022 profit margins hit record highs

Diane Swonk: Core goods producer price index posts largest increase since early 2022 profit margins hit record highs
Core goods prices hit record

U.S. producer price index data released today revealed the largest increase in core goods prices excluding food and energy since early 2022.

Diane Swonk highlighted that profit margins soared to their highest levels on record, with the exception of the vehicle category. According to Swonk, a colleague updated these findings, signaling significant pricing power among producers and a notable divergence within sectors driven largely by vehicles.

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