Producer Prices Slid 1.3% in April
Washington, DC, May 13, 2020-The Producer Price Index for final demand declined 1.3% in April, seasonally adjusted, the U.S. Bureau of Labor Statistics reported. This decrease is the largest since the index began in December 2009.
Final demand prices fell 0.2% in March and 0.6% in February.
On an unadjusted basis, the final demand index moved down 1.2% for the 12 months ended in April, the largest decline since falling 1.3% for the 12 months ended November 2015.
In April, over 80% of the decrease in the final demand index can be traced to a 3.3% drop in prices for final demand goods. The index for final demand services moved down 0.2%.
Prices for final demand less foods, energy, and trade services fell 0.9% in April, the largest decline since the index was introduced in September 2013. For the 12 months ended in April, the index for final demand less foods, energy, and trade services moved down 0.3%, the first 12-month decrease.