Thursday, June 17, 2010

PPI: Headline Down 0.3%; Core Prices Up 0.2%

In May, the Producer Price Index for finished goods fell 0.3%. This was the third decline in four months. The index has been quite volatile over the past few months largely due to changes in energy prices. May’s decline was driven down by a 1.5% drop in energy prices. The core index, which excludes prices of food and energy products, rose 0.2% for the second consecutive month. From a year prior, the topline index was 5.1% higher, down slightly from a 6.1% year-over-year increase in March. The core index was up by a much smaller 1.3% from a year earlier. However, this is an acceleration from a 0.8% increase as recently as March.

10.06.16 (Source: Bureau of Labor Statistics)

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