Producer Prices Unchanged in May

Producer prices were unchanged in May, seasonally adjusted, after rising 0.5% in April, according to the U.S. Bureau of Labor Statistics. Producer prices rose 2.4% for the twelve months ended May 2017.

The index for final demand goods decreased 0.5% in May, the largest drop since February 2016. Most of the decline was due to a 3.0% decrease in the index for final demand energy. Additionally, prices for final demand foods fell 0.2%.

Prices for final demand services moved up 0.3% in May. Most of the increase can be traced to prices for final demand trade services, which advanced 1.1%.

Read the BLS release.