Producer Prices Rose 0.5% in April, Says Bureau of Labor
Washington, DC, May 12, 2022-The Producer Price Index for final demand increased 0.5% in April, seasonally adjusted, the U.S. Bureau of Labor Statistics reported. This rise followed advances of 1.6% in March and 1.1% in February.
On an unadjusted basis, final demand prices moved up 11.0% for the 12 months ended in April.
In April, the rise in the index for final demand is primarily attributable to a 1.3% advance in prices for final demand goods. The index for final demand construction increased 4.0%, while prices for final demand services were unchanged.
Prices for final demand less foods, energy, and trade services moved up 0.6% in April after increasing 0.9% in March. For the 12 months ended in April, the index for final demand less foods, energy, and trade services rose 6.9%.