The Bureau of Labor Statistics (BLS) reported today (6-14-22) that the Producer Price Index (PPI) for final demand, seasonally adjusted, increased 0.8% in May. This rise followed advances of 0.4% in April, 1.6% in March, 1.1% in February, and 1.2% in January. On an unadjusted basis, final demand prices moved up 10.8% for the 12 months ending in May.
In May, nearly two-thirds of the rise in the index for final demand was due to a 1.4% advance in prices for final demand goods. The index for final demand services increased 0.4%.
Prices for final demand less foods, energy, and trade services moved up 0.5% in May after increasing 0.4% in April. For the 12 months ending in May, the index for final demand less foods, energy, and trade services rose 6.8%.
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