US Producer Price Index for Final Demand Increases in April
Producer Price Indexes – April 2024
On Tuesday, the Bureau of Labor Statistics (BLS) reported that the Producer Price Index (PPI) for final demand, seasonally adjusted, increased 0.5% in April. This follows a 0.1% decline in March and an advance of 0.6% in February.
On an unadjusted basis, the index for final demand rose 2.2% for the 12-month period ending in April—the largest increase since moving up 2.3% in April 2023.
Nearly three-quarters of the April advance in final demand is attributable to a 0.6% increase in final demand services. The index for final demand goods moved up 0.4%.
The index for final demand less foods, energy, and trade services increased 0.4% in April, following increases of 0.2% in March and 0.3% in February. For the 12-month period ending in April, prices for final demand less foods, energy, and trade services increased 3.1%—the largest advance since climbing 3.4% for the 12 months ending in April 2023.
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