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U.S. PPI for final demand increases in May

Xinhua News,HOUSTON
2020-06-12 01:38

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HOUSTON, June 11 (Xinhua) -- The U.S. Producer Price Index (PPI) for final demand rose 0.4 percent in May, seasonally adjusted, the U.S. Department of Labor said Thursday.

On an unadjusted basis, the final demand index moved down 0.8 percent for the 12 months ended in May. Final demand prices fell 1.3 percent in April and 0.2 percent in March.

In May, most of the increase in the final demand index can be traced to a 1.6-percent climb in prices for final demand goods. The index for final demand services moved down 0.2 percent.

Prices for final demand less foods, energy, and trade services edged up 0.1 percent in May, following three consecutive declines. For the 12 months ended in May, the index for final demand less foods, energy, and trade services moved down 0.4 percent, the largest 12-month decrease since the index began in August 2013.
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