Producer Price Index for Final Demand Increases in April

The Bureau of Labor Statistics (BLS) reported today (5-13-21) that the Producer Price Index for final demand, seasonally adjusted, increased 0.6% percent in April. Final demand prices rose 1.0% in March and 0.5% in February. On an unadjusted basis, the final demand index moved up 6.2% for the 12 months ending in April — the largest advance since 12-month data were first calculated in November 2010. About two-thirds of the April advance in the final demand index can be traced to a 0.6% increase in prices for final demand services. The index for final demand goods also moved up 0.6%. The index for final demand less foods, energy, and trade services rose 0.7% in April following an increase of 0.6% in March. For the 12 months ended in April, prices for final demand less foods, energy, and trade services moved up 4.6%, the largest advance since 12-month data were first calculated in August 2014.