Grocery shoppers ꦛmay soon see some relie✱f on egg prices.

Wholesale chicken egg prices fell 36.2% year-over-year in March, part of a surprising decline in the wholesale-focused Producer Price Index (PPI). The drop comes after a bird flu outbreak helped increase egg prices, creating an 澳洲幸运5官方开奖结果体彩网:ongoing burden for consumers.

While not directly related, wholesale pricing trends can feed 𝕴♏into consumer pricing levels, indicating that some relief for egg prices could be on the way.

Lower Gasoline Costs Help Pus🤡h Wholesale Prices Lower

Overall, wholesale prices fell 0.4% in March compared with the prior month, coming in below economists surveyed by The Wall Street Journal and Dow Jones Newswires' projections of a 0.2% monthly increase in the PPI. Compared with a year ago, wholesale prices, as measured by PPI, were up 2.7%, also declining from 澳洲幸运5官方开奖结果体彩网:February levels. 

While egg prices dropped significantly, the downward trend in the March PPI report was primarily tied to an 11.1% drop in gasoline prices, w𝐆hich accounted for nearly two-thirds of March’s decline in goods prices, the Bureau of Labor Statistics said♒. 

The report follows Thursday's Consumer Price Index (CPI) data, which showed that consumers also 澳洲幸运5官♋方开奖结果体彩🐽网:encountered lighter inflation in March. While this is positive news for consumers♓, economists warn that it may be short-lived, as President Donald Trump’s tariff policies are expected to push prices higher in coming months.

Steel ཧMill Prices Rise Following Trump Ta♎riffs on Metals

Some indications were that tariff impacts were already being seen at the wholesale level. After Trump implemented a 澳洲幸运5官方开奖ꦯ结果体彩网:25% tariff on aluminu🎶m and steel imports, the ܫPPI showed in March that prices 💎for steel mill products jumped more than 7%. 

“Tariffs had some impact on the March PPI beneath the surface and we expect to see more passthrough in the months ahead,” said Nationwide Financial Markets Economist Oren Klachkin.