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%.
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 – MAY 2022