Producer Price Index Up in May
Washington, DC, June 11, 2020-The Producer Price Index for final demand rose 0.4% in May, seasonally adjusted, the U.S. Bureau of Labor Statistics reports.
The increase follows declines of 1.3% in April and 0.2% in March. On an unadjusted basis, the final demand index decreased 0.8% for the 12 months ended in May.
In May, the advance in the final demand index is attributable to prices for final demand goods,
which climbed 1.%. In contrast, the index for final demand services fell 0.2%.
Prices for final demand less foods, energy, and trade services edged up 0.1% in May,
following three consecutive declines.
For the 12 months ended in May, the index for final demand less foods, energy, and trade services moved down 0.4 percent, the largest 12-month decrease since the index began in August 2013.
Read the full report here.