US Producer Price Index for Final Demand Declines 0.2% Month-Over-Month in May

On Thursday, the Bureau of Labor Statistics (BLS) reported that the Producer Price Index (PPI) for final demand, seasonally adjusted, declined 0.2% in May. This follows a 0.5% increase in April and a 0.1% decline in March. On an unadjusted basis, the index for final demand rose 2.2% for the 12-month period ending in May.

The decrease in final demand can be attributed to a 0.8% decline in the index for final demand goods. Prices for final demand services were unchanged.

The index for final demand less food, energy, and trade services was unchanged in May, following a 0.5% increase in April and a 0.2% increase in March. For the 12-month period ending in May, prices for final demand less food, energy, and trade services increased 3.2%.