US Producer Price Index for Finished Goods rose 0.2 percent in May

Most of the decline in the PPI index can be traced to prices for energy goods, which slowed to a 0.4% increase in May after advancing 4.0% in April. 

Gasoline prices climbed 2.2% in May following a 12.3% jump a month earlier.

 

The Producer Price Index (PPI) for Finished Goods rose 0.2% in May, seasonally adjusted, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. This increase followed a 0.9% jump in April and a 0.5% advance in March. The price index for finished goods other than foods and energy increased 0.3% in May compared with a 0.1% rise in April.

Prices for finished consumer foods declined 0.5 percent in May compared with a 0.1-percent rise in April. 

The capital equipment index advanced 0.3 percent in May after moving up 0.2 percent in April. In May, higher prices for heavy motor trucks, communication and related equipment, commercial furniture, civilian aircraft, and for agricultural machinery and equipment more than offset lower prices for passenger cars, integrating and measuring instruments, and semiconductor manufacturing equipment.

   

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