Producer Prices Rose 0.2% in April
Washington, DC, May 11, 2023-The Producer Price Index for final demand advanced 0.2% in April, seasonally adjusted, the U.S. Bureau of Labor Statistics reported.
Final demand prices fell 0.4% in March and were unchanged in February.
On an unadjusted basis, the index for final demand moved up 2.3% for the 12 months ended in April.
In April, 80% of the rise in the index for final demand is attributable to a 0.3% increase in prices for final demand services. The index for final demand goods advanced 0.2%.
Prices for final demand less foods, energy, and trade services rose 0.2% in April after inching up 0.1% in March. For the 12 months ended in April, the index for final demand less foods, energy, and trade services increased 3.4%.