Producer Prices Rose 0.5% in May
Washington, DC, June 13, 2018-The Producer Price Index for final demand rose 0.5% in May, seasonally adjusted, the U.S. Bureau of Labor Statistics reported.
Final demand prices advanced 0.1% in April and 0.3% in March.
On an unadjusted basis, the final demand index moved up 3.1% for the 12 months ended in May, the largest 12-month increase since climbing 3.1% in January 2012.
In May, 60% of the rise in the index for final demand is attributable to a 1.0% advance in prices for final demand goods. The index for final demand services moved up 0.3%.
Prices for final demand less foods, energy, and trade services edged up 0.1% in May, the
same as in April. For the 12 months ended in May, the index for final demand less foods, energy, and trade services climbed 2.6%.