RSM: Producer Prices Expected to Keep Rising

U.S. producer prices increased by 0.8% last month — down from 1.2% in January, but still a 10% year-over-year jump. OMA Connections Partner RSM has published this summary, noting the recent COVID-19 lockdown in China will further complicate supply chain issues, while input prices are expected to keep rising.

The National Association of Manufacturers’ Q1 Outlook Survey shows supply chain challenges and raw material costs have eclipsed workforce concerns.

Meanwhile, the latest CNBC Fed Survey puts the probability of a recession in the U.S. at 33% during the next 12 months. 3/17/2022