Friday, June 12, 2015

Producer Prices Post Largest Gain Since 2012

Producer prices rebounded in May, climbing 0.5%, seasonally adjusted, according to the U.S. Bureau of Labor Statistics, attributable to prices for final demand goods which rose 1.3%. This was the second monthly increase in the past six months. Producer prices fell 1.1% on a yearly basis.

Eighty percent of the broad-based advance in prices for final demand goods is attributable to prices for final demand energy, which increased 5.9%. The gasoline index largely contributed to the increase, jumping 17.0% on a monthly basis.

The indexes for final demand goods less foods and energy and for final demand foods rose 0.2% and 0.8%, respectively.

The index for final demand services was unchanged in May. Prices for final demand services less trade, transportation, and warehousing moved down 0.2%, and the index for final demand transportation and warehousing services dropped 0.1%. In contrast, margins for final demand trade services advanced 0.6%.

Read the BLS report.

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