Producer Price Index Rose 0.4% in May

Washington, DC, June 15, 2016—The Producer Price Index for final demand increased 0.4% in May, the U.S. Bureau of Labor Statistics has reported.

Final demand prices rose 0.2% in April and declined 0.1% in March. On an unadjusted basis, the final demand index inched down 0.1% for the 12 months ended in May.

In May, over 60% of the advance in the final demand index can be traced to prices for final demand goods, which climbed 0.7%. The index for final demand services moved up 0.2%.

Prices for final demand less foods, energy, and trade services edged down 0.1% in May after rising 0.3% in April. For the 12 months ended in May, the index for final demand less foods, energy, and trade services increased 0.8%.