Producer Prices Increased 0.5% in April

Producer prices climbed 0.5% in April, seasonally adjusted, after falling 0.1% in March, according to the U.S. Bureau of Labor Statistics. Producer prices rose 2.5% for the twelve months ended April 2017, which is the largest increase since the twelve months ended February 2012.

The index for final demand goods also increased 0.5% in April. The growth was led by a 0.9% increase in the index for final demand foods. The index for final demand energy increased by 0.8 after falling 2.9% in March.

Prices for final demand services moved up 0.4% in April. Most of the increase can be traced to prices for final demand services less trade, transportation, and warehousing, which advanced 0.8 percent.

Read the BLS release.

About Stephen Newton

Stephen Newton is an economic research associate at ABA.
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