The Producer Price Index for final demand increased 0.8 percent in May, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This rise followed advances of 0.4 percent in April and 1.6 percent in March. On an unadjusted basis, final demand prices moved up 10.8 percent for the 12 months ended in May.
The index for final demand goods moved up 1.4 percent in May, the fifth consecutive rise. Over 70 percent of the increase in May can be traced to a 5.0-percent advance in prices for final demand energy. The index for final demand goods less foods and energy moved up 0.7 percent, while prices for final demand foods were unchanged.
Processed goods for intermediate demand: The index for processed goods for intermediate demand increased 2.3 percent in May, the fifth consecutive advance. Over half of the broad-based increase in May can be traced to a 1.7-percent rise in prices for processed materials less foods and energy. The indexes for processed energy goods and for processed foods and feeds also moved higher, 4.6 percent and 0.9 percent, respectively. For the 12 months ended in May, prices for processed goods for intermediate demand jumped 21.6 percent.
Source: U.S. Bureau of Labor Statistics
Post by: Republic of Türkiye Ministry of Trade