The Producer Price Index for final demand rose 0.5% in April, seasonally adjusted, the U.S. Bureau of Labor Statistics reported. Final demand prices edged down 0.1% in March and advanced 0.6% in February. On an unadjusted basis, the index for final demand moved up 2.2% for the 12 months ended in April, the largest increase since rising 2.3% for the 12 months ended April 2023.
The index for final demand less foods, energy and trade services moved up 0.4% in April after rising 0.2% in March. For the 12 months ended in April, prices for final demand less foods, energy, and trade services increased 3.1%.
Prices for final demand goods moved up 0.4%, after edging down 0.2% in March. The increase is attributable to the index for final demand energy, which moved up 2.0%. Prices for final demand goods less foods and energy increased 0.3%. In contrast, the index for final demand foods declined 0.7%.
The index for final demand services moved up 0.6% in April, the largest rise since jumping 0.8% in July 2023. Seventy percent of the April increase can be traced to prices for final demand services less trade, transportation, and warehousing, which advanced 0.6%. The index for final demand trade services rose 0.8% while prices for final demand transportation and warehousing services decreased 0.6%.
Read the BLS release.
