Friday, June 13, 2014

Producer Prices Declined 0.2% in May

Producer prices fell in May, dropping 0.2% from the month prior. The goods category contributed to May’s decline. The year-over-year change was 2.0%, slightly behind the 2.1% annual growth seen last month but on par with the Federal Reserve’s target inflation.

Prices for finished food and energy goods both declined 0.2% in May. It was the first decline for finished food goods this year.

Prices at earlier stages of production were mixed. Processed intermediate food declined 0.2% while processed energy improved 0.3%. Total intermediate goods declined by 0.1%, a category that hasn’t grown since February.

Read the BLS report.

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