Producer prices rose 0.2% in April, seasonally adjusted, after falling 0.1% in March, according to the U.S. Bureau of Labor Statistics. April’s increase was attributable to increases in prices for both final demand goods and services.
Prices for final demand goods moved up 0.2%, only the second increase in the past ten months. Most of the increase was due to prices for final demand goods less foods and energy, which climbed 0.3%. Energy and food prices did increase however, rising 0.2% and 0.3% respectively.
The index for final demand services moved up 0.1% in April, after falling 0.2% in March. Final demand services less trade, transportation, and warehousing rose 0.3%. In contrast, final demand transportation and warehousing services and final demand trade services fell 0.4% and 0.1% respectively.
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