The Bureau of Labor Statistics (BLS) reported today (5-12-22) that the Producer Price Index (PPI) for final demand, seasonally adjusted, increased 0.5% in April. This rise followed advances of 1.6% in March, 1.1% in February, and 1.2% in January. On an unadjusted basis, final demand prices moved up 11.0% for the 12 months ending in April.
In April, the advance in the index for final demand was led by a 1.3% advance in prices for final demand goods. The index for final demand construction increased 4.0%, while prices for final demand service was unchanged from March.
Prices for final demand less foods, energy, and trade services rose 0.6% percent in April, after increasing 0.9% in March. For the 12 months ending in April, the index for final demand less foods, energy, and trade services increased 6.9%.
FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.
PRODUCER PRICE INDEXES – APRIL 2022