May Wholesale Prices Up 0.5%, Largest One-Month Rise Since Sept. '12

Washington, DC, June 12, 2015—Wholesale prices rose at the fastest pace in almost three years in May, increasing by 0.5%, according to the U.S. Bureau of Labor Statistics’ Producer Price Index. The increase was largely due to an increase in the cost of gas as well as the price of eggs, which has risen dramatically because of an outbreak of avian influenza.  

Final demand prices fell 0.4% in April and advanced 0.2% in March.

The increase in the final demand index can be traced to prices for final demand goods, which rose 1.3%. The index for final demand services was unchanged.

Within intermediate demand, prices for processed goods climbed 1.0%, the index for unprocessed goods jumped 3.3%, and prices for services fell 0.5%.