Producer Prices Inched Up 0.1% in May
Washington, DC, June 11, 2019- The Producer Price Index for final demand rose 0.1% in May, seasonally adjusted, the U.S. Bureau of Labor Statistics reported.
Final demand prices advanced 0.2% in April and 0.6% in March.
On an unadjusted basis, the final demand index increased 1.8% for the 12 months ended in May.
In May, the rise in final demand prices is attributable to a 0.3% increase in the index for final demand services. In contrast, prices for final demand goods declined 0.2%.
The index for final demand less foods, energy, and trade services moved up 0.4% in May, the same as in April. For the 12 months ended in May, prices for final demand less foods, energy, and trade services advanced 2.3%.