US Producer Price Index for Final Demand Rises 2.4% Year-Over-Year in April

On Thursday, the Bureau of Labor Statistics (BLS) reported that the Producer Price Index (PPI) for final demand, seasonally adjusted, decreased 0.5% in April. Previously, final demand prices were unchanged in March and increased 0.2% in February. On an unadjusted basis, the index for final demand rose 2.4% year-over-year.

The April decline in the index for final demand is attributable to prices for final demand services, which decreased 0.7%. The index for final demand goods was unchanged.

Prices for final demand less foods, energy, and trade services edged down 0.1% in April, the first decline since falling 0.8% in April 2020. For the 12 months ending in April, the index for final demand less foods, energy, and trade services advanced 2.9%.